Bitcoin at $37,000: new record for BTC price

Today the price of bitcoin recorded a new all-time record. In fact for the first time in its history has exceeded $ 37,000, touching for a moment even $ 37,700.

Yesterday it had exceeded the psychological threshold of $35,000 for the first time, while the first exceedance of $30,000 dates back only five days ago.

In the last week it has gained almost 30%, while in the last month it has almost doubled, going from $19,000 at the beginning of December to almost $38,000 today.

Even compared to three months ago has almost quadrupled, because at the beginning of October a bitcoin revolution was worth about $ 10,000, then became $ 20,000, and now almost $ 40,000.

It should be noted that the market capitalization has also set a new all-time record, exceeding $700 billion for the first time.

Bitcoin, record price drags Ethereum as well

The price of ETH is also performing well, with an increase of more than 60% in the last seven days. It’s still not an absolute record, but the current $1,200 is not far from the $1,432 touched on January 13 three years ago.

ETH’s market capitalization, on the other hand, today has already surpassed the previous all-time high, coming close to $140 billion for the first time in history. On January 13, 2018, it had stopped at 137 billion, due to fewer ETH in circulation.

BTC and ETH taken together are worth nearly $850 billion, or more than 80% of the entire crypto market capitalization.

It should also be noted that, for the first time in history, the market capitalization of all cryptocurrencies exceeded $1 trillion, which is more or less the market capitalization of Alphabet, Google’s holding company.

However, these increases, rapid and parabolic, suggest that sooner or later a correction may be triggered, but neither the timing nor the magnitude are yet known.

On the 4th of January, it seemed that such a correction could be triggered, but it was only a very short downward oscillation, probably due to a settling of the crypto market before restarting.