Bitcoin price has once again captured a new lifetime price high reaching $60,120 per coin on Saturday morning, March 13, 2021. During the last 24 hours, Bitcoin gained 6.9% and over 23% during the last seven days.
At press time, BTC has around $27 billion in global trade volume.
Bitcoin price cracked a new all-time high reaching $60,120 per unit at around 6:25 a.m. (ET).
Bitcoin now has a 1.12 trillion-dollar market valuation and a dominance level of around 61.9% while Ethereum now commands close to 12% of the $1.70 trillion capitalizations of all 8,792 digital assets in the crypto economy.
Statistics show that bitcoin (BTC) has gained 212% during the last three months and 975.83% against the U.S. dollar during the course of 12 months. One-month percentage stats show BTC is up over 24% on Sunday.
The Citi GPS report explains that “the biggest change with bitcoin is the shift from it being primarily a retail-focused endeavour to something that looks attractive for institutional investors.”
The firm attributes the change to “Specific enhancements to exchanges, trading, data, and custody services” that are “increasing and being revamped to accommodate the requirements of institutional investors.”