The world’s most popular crypto, Bitcoin just broke above 16,000 a few minutes ago.
What we know: At the time this report was drafted BTC traded at $16,086.90 with a 24-hour trading volume of $27,707,707,053.
BTC price is up 1.4% in the last 24 hours. It has a circulating supply of 19 Million coins and a max supply of 21 Million coins.
What this means: This yearly high is more than 300% higher than the yearly low in March at $3,800.
- This is impressive momentum, particularly as the life is being drained from altcoins.
- That said it’s important to know the number of BTC wallets holding at least 10 Bitcoins just reached a 3-month high of 154,476
- The previous 3-month high of 154,470 was observed on 10 November 2020, meaning that a lot of investors are using bitcoin more as wealth preservation in hedging against inflation and most particularly the bias that shows Bitcoin might soon run out of supply.
News continues after this ad