After climbing to $25,000 on Dec. 25 and $26,000 on the day after, quite naturally the rate of Bitcoin soared over the mark $28,000 on Dec. 27 as the first cryptocurrency’s recent upward tendency continues. BTC’s market value is now estimated to more than $500 billion.
Lately, BTC has been leaving a string of conquered hights in its paths after passing the psychologically key $20,000 mark for the first time in its 12-year existence on Dec. 16.
In the last week or so BTC seems to have found yet another gear, breaking through $25,000 Friday night and pushing through $26,000 Saturday afternoon with relative ease.
Roughly half a day later, BTC surged to a new all-time high of $28,377.94 Sunday noon, before settling down to $27,307.57 at the time of writing this article.
Year-to-date BTC is registering a rise of more than 270%.
With a total market capitalization of $514.45 billion, BTC is now more valuable than all but seven publicly traded companies in the world, sitting between Alibaba at $544.5 billion and Tencent Holdings at $508.9 billion, according to data provided by Statista.
