The world leading cryptocurrency Bitcoin (BTC) has crossed the $11,000 line for the first time since March last year today - June 22, according to Coin360. in less than 24 hours ago, bitcoin had surged past the $10,000 mark.
Bitcoin is currently already approaching $11,100, up a notable almost 13 percent in the past 24 hours to press time. Meanwhile, major alts have also surged, with ETH seeing a multi-month high over $300.
Bitcoin 7-day price chart. Source: Coin360
Yesterday, on June 21, professional trader Peter Brandt tweeted that bitcoin’s price is currently taking aim at $100,000 target.
In his tweet, Brandt noted that bitcoin is on its fourth parabolic growth phase and is a market like no other:
“Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.”
Also this week, the bitcoin hash rate — the total computing power of the bitcoin network — hit new all-time highs. Bitcoin breaking a multi-year high, the growth in hash rate can be taken as a measure of how much interest there is in mining the coin.
- Hashpower 11 TH/s
- Mining days: 655
- Alghoritm: SHA-256
- Daily Fees: $0.86