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Bitcoin Price Touches $33K, Hits Market Cap of $600 Billion



Bitcoin (BTC)

Yes, you heard it right, today the Bitcoin price surges more than 10% and touches $33k mark. The price change of BTC from the last 24 hours is $3,427.86 USD. At press time price of Bitcoin is $32,425.29 USD as per CoinMarketCap.

The total market cap of Bitcoin today crosses $600 Billion marks however the total market cap of crypto is $843 Billion. The dominance of Bitcoin today also reaches 72%. If we look at the dominance chart then we can see that BTC dominance has been increasing gradually from the last 3-4 months.

In the month of Sept, the BTC dominance was around 56% which increases gradually to 72% today. The 24h trading volume of BTC also increases by 37.29%. At press time the 24h trading volume and the market cap of Bitcoin is $54,769,302,226.83 USD and $608,473,293,434 USD respectively.

The 24h high and low of Bitcoin is $33,108 USD and $28686 USD respectively as per Binance. Many analysts are predicting new instructional buys as the reason for today’s huge surge in Bitcoin price.

From the last 48 hours, it has been seen that the price of BTC on Coinbase is more than that of Binance. When the price of BTC crosses $30k mark then the premium on Coinbase was almost $350 as compared to Binance.

Also, today Bitcoin hashtag is trending on Twitter after the boom in the price from $29K to $33K. Stay tuned with Koinalert for more updates on Bitcoin and cryptocurrencies.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.