Tuesday, October 19, 2021
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Bitcoin Hits a New All Time High

As listed on Bitstamp, Bitcoin has reached a new all-time high price relative to USD, eclipsing its previous high of $19,666.00 set on the exchange on December 13, 2017.

At any given time, the specific price of the BTC relative to the fiat currency depends on the rate set by the specific exchanges and at any given time, the all-time high price or price listed depends on the specific data set referenced. Although Bitstamp does not list the highest all-time exchange price on Bitcoin (for example, Bitfinex listed bitcoin for $19,891 on 11 December 2017), it has data streams that represent one of the longest-running bitcoin exchanges ever.

In a bitcoin bull market that began in early March 2020, when the price rose from a low in the $ 3,000 range, the all-time high point set today represents a significant milestone. Since then, in less than nine months, it has achieved more than six times its value. On November 17, 2020, Bitcoin set an all-time market capitalization record.The USD price of 1 BTC is a common indicator for signaling the increasing adoption of Bitcoin, although bitcoin is a monetary system in and of itself, it is not based on value relative to the USD or any other fiat system. By many measures, after Satoshi Nakamoto launched Bitcoin in January 2009, bitcoin has been since the single-best performing financial asset in the world.

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