In fact, the first block of bitcoin’s blockchain was mined by Satoshi Nakamoto on January 3, 2009, so yesterday marked 12 years since then.
According to CoinMarketCap’s data, the maximum price recorded yesterday was $34,608, the only time in history when it exceeded $34,000.
Moreover, the previous record dates back to the day before, January 2, when for the first time it exceeded $30,000 even touching $33,100.
It should be noted that this is not only a price record against the dollar, but also against gold.
The price of gold is not currently at an all-time high, although it is close. The all-time high occurred on August 6, 2020, when it exceeded $2,000. Now, however, it is just above $1,900.
According to Market Watch data, yesterday the price of BTC reached an all-time high of 18.1 XAU, or ounces of gold. For example, during the speculative bubble in late 2017 it had barely exceeded 10 XAU, while by mid-2019 it was back around 8 XAU.
During 2020 the price of bitcoin had more or less always fluctuated between 5 and 6 XAU, but starting in November it began a fast and mighty ascent that brought it up to yesterday’s record high.
On the other hand, it is well known that the volatility of bitcoin is considerably higher than that of gold, the latter also known for an average reduced volatility.
Bitcoin, the historical high drags the altcoins
It should also be noted that in recent days, and in particular yesterday, some altcoins have recorded significant price increases.
In particular ETH has gained more than 30% in just one day, moving above $1,000. This is not an all-time high, as this was recorded on January 13, 2018 at $1,432, but it is still a historic result, as it was right from January of that year that it had not been able to return to these levels.
Litecoin (LTC) is also growing strongly, as well as Bitcoin Cash (BCH), Cardano (ADA) and Chainlink (LINK).
However, Polkadot (DOT) had the biggest growth, which, after growing by almost 80% in the last week, stopped yesterday at +6%.