BTC brought back the excitement for investors as its price broke through $20K and soared further. Now the majority of BTC addresses with balance recently in a state of profit.
Some prominent crypto influencers reacted to Bitcoin’s price performance, emphasizing how the cryptocurrency didn’t quickly drastically decline, like in the past three years.
Bitcoin Higher Than $20,000
Bitcoin surpassed the long-awaited $20K on many exchanges yesterday. The development spurred many activities on crypto exchanges that led to downtime of two major trading platforms – Binance and Coinbase.
The exchanges noted that downtime was because of enormous traffic. The cryptocurrency began a new price discovery, setting another ATH above $22,000.
As of now, the cryptocurrency shaded a few points to $21,925 on Coinmarketcap. However, Bitcoin is up by 13% on a 24 hours chart and 18.61% on a seven-day chart. Bitcoin’s Market Cap reached a new high at $407B. This hardens its position as the largest digital currency by market valuation.
Crypto influencers’ feedback
As Bitcoin surged over $20K, the CEO of Binance, Changpeng Zhao, tweeted an explanation on how Bitcoin survived the crash following the ATH three years ago.
“3 years ago today, Bitcoin made its ATH of $19,700, and @Binance became the world’s largest exchange by 24hr trading volume at $11 billion at the same time. Bitcoin “crashed” and “died” many times since. Today, we are still here, with slightly higher numbers.”
Cameron Winklevoss, one of the founders of Gemini exchange, commented:
“Today, Bitcoin got the monkey off its back. It took three long, hard-fought years, but the $20K glass ceiling has been shattered. A turning point for our movement. With the wind at our backs, we continue our work to build a future w/ greater choice, independence, and opportunity.”
Anthony Pompliano (Pomp) believed market capitalization would surpass gold. He said that “Bitcoin has crossed a $400 billion market cap for the first time in history. Only 20x away from gold’s market cap…”
Another famous crypto influencer and Bitcoin supporter, Jimmy Song, predicted that the BTC price would go higher.
“The daily candle just closed +$1900. That’s more than double what #Bitcoin was worth four years ago. Some day, we’re going to see a +$40,000 candle.”
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