The most popular cryptocurrency, bitcoin accelerated its rally, hitting USD 25,000, USD 26,000, and USD 27,000 in less than a day and is now approaching USD 28,000, while its market capitalization jumped above USD 0,5 trillion.
At the time of writing (08:22 UTC), BTC trades at USD 27,838 and is up by 12% in a day and 18% in a week. The price rallied by 61% in a week and 277% in a year.
BTC price chart:
BTC is the best performing cryptoasset among the top 10 coins by market capitalization today. Its dominance, or the percentage of the total market capitalization, jumped above 70% for the first time since March 2017.
At the same time, other coins from the top 10 club are up by 1%-5%, except XRP (-4%) and chainlink (LINK) (-4%).
REACTIONS:
https://twitter.com/PeterMcCormack/status/1343002408146841601?s=20
https://twitter.com/BTC_JackSparrow/status/1343089978054762496?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1343089978054762496%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fbitcoin-approaching-usd-28k-with-market-capitalization-over-8734.htm
This is a great point, Dan, and one I don't think is fully appreciated. There is no more noise. Everyone is buying in to a single narrative that finally comports with reality.https://t.co/ULWhN3pDBW
— Vijay Boyapati (@real_vijay) December 27, 2020
I have to assumed that #Bitcoin sees some sort of pullback sooner rather than later.
$28k area important.
Nothing to do but sit and watch. pic.twitter.com/0L1eBCssMm
— Nebraskangooner (@Nebraskangooner) December 27, 2020
https://twitter.com/dergigi/status/1314622486663892994?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1314622486663892994%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fbitcoin-approaching-usd-28k-with-market-capitalization-over-8734.htm
#BTC keeps doing what it did since the 3,8k dip: extending it's sublegs without any "normal" correction.
Seems to me this cycle is going for 30k
At least….. pic.twitter.com/XIPBiaGmiH— Ed_NL (@Crypto_Ed_NL) December 27, 2020
https://twitter.com/krugermacro/status/1343103847590453249?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1343103847590453249%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fbitcoin-approaching-usd-28k-with-market-capitalization-over-8734.htm
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