Bitcoin Hits New ATH, 14 Years After Buying and selling at Simply $0.50

U.As we speak – , the biggest cryptocurrency by market cap, has simply reached a brand new all-time excessive of $82,400 precisely 14 years after its worth sat at simply $0.50.

This enjoyable truth, shared by Bitcoin historian Pete Rizzo on X (previously Twitter), highlights how far Bitcoin has come since its early days.

In a tweet, Rizzo highlighted that 14 years in the past, one may buy a single Bitcoin for simply $0.50. Quick ahead to as we speak, and Bitcoin’s worth has skyrocketed, reflecting its rising acceptance and adoption throughout the globe.

Bitcoin prolonged its run to the seventh day to hit an unprecedented $82,400 on Monday (NASDAQ:), earlier than altering fingers at $82,375. On the time of writing, BTC was up 4% within the final 24 hours and up 19% weekly. Bullish sentiment likewise boosted development throughout all main and midcap tokens.

16,379,700% improve to ATH

Bitcoin climbed to a brand new all-time excessive on Monday, pushed by a steady rally, excessive buying and selling volumes over the weekend and bullish futures market exercise, with merchants betting on additional positive factors.

In the meantime, within the final 14 years, Bitcoin has risen from a mere $0.50 to a record-breaking $82,400, representing a staggering 16,379,700% improve. This highlights the unimaginable journey and development of the digital foreign money through the years.

Bitcoin has elevated by virtually 94% thus far in 2024, aided by robust demand for devoted U.S. exchange-traded funds and Federal Reserve rate of interest discount.

The ETFs, led by BlackRock Inc (NYSE:).’s $35 billion iShares Bitcoin Belief, had a document day by day web influx of almost $1.4 billion final Thursday, beating the March document of $1.1 billion. As well as, buying and selling quantity for the iShares ETF reached an all-time excessive within the final week.

In keeping with Wu Blockchain, from Nov. 4 to Nov. 8, Bitcoin spot ETFs had a web influx of $1.63 billion final week, BlackRock ETF IBIT had a weekly web influx of $1.25 billion and Constancy Bitcoin ETF FBTC had a weekly web influx of $295 million.

Merchants are eyeing the $100,000 degree for BTC within the brief time period, as expectations develop for BTC’s worth.

This text was initially printed on U.As we speak