Bitcoin price hits new high above $22,000

On the night of December 17, Bitcoin’s price again reached an all-time high above $22,000.

11+11

— jack (@jack) December 17, 2020

In a single day Bitcoin broke through $20 000 and $21 000. The rally was even reported by China’s state broadcaster CCTV to audiences of 1 billion people.

CCTV just reported on #Bitcoin’s new ATH to 1 billion Chinese viewers. Bullish. 🚀 pic.twitter.com/5onUKq3f86

— Samson Mow (@Excellion) December 17, 2020

Against the backdrop of the rise, the number of Bitcoin addresses holding coins worth $1 million or more reached an all-time high. After crossing the $20,000 mark, addresses of all early miners, who mined just 50 BTC, became millionaires.

The number of #Bitcoin addresses holding at least $1M USD has gone parabolic.

It increased +150% to 66,540 addresses.

Why?$BTC crossing $20k has turned all early miner addresses (50 BTC block rewards, unspent or lost) into millionaire addresses.

Chart: https://t.co/Fh63ST4nph pic.twitter.com/dCoRjn2w3p

— glassnode (@glassnode) December 17, 2020

On December 16, the daily volume of liquidations of short positions in Bitcoin on the futures market stood at $535 million. By 09:00 MSK on December 17, this figure had already risen to $188 million.  

Data: Coinalyze.

Premiums on Grayscale cryptocurrency-trust stocks on December 16 looked like this:

Exactly three years ago, on December 17, 2017, Bitcoin’s price quotes reached the previous record, after which a decline began, later dubbed the “cryptocurrency winter”.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news and polls.