![\"Bitcoin](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/01\/hopsddd-768x432.jpg\")
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The price of bitcoin has crossed a new all-time high on Saturday morning (EST), spiking over $31k per coin. At around 8:43 a.m., bitcoin\u2019s value climbed to $31,417 per unit with roughly $12 billion in global trade volume.<\/strong><\/p>\n Bitcoin (BTC)<\/a> has surpassed the $31k price zone, and has jumped very close to the $32k range. At around 8:43 a.m. (EST), the crypto asset spiked to $31,417 per bitcoin reaching another all-time price high.<\/p>\n BTC<\/a> is up 5% during the last 24 hours, 15% for the week, 58% during the last month, and 187% for the 90-day span. Over the course of the last 12 months against the U.S. dollar, bitcoin (BTC<\/a>) has gained 315%.<\/p>\n The crypto asset\u2019s hashrate on Saturday morning is hovering around 135 exahash per second with 18 mining pools dedicating hash at the Bitcoin blockchain. The mining operation F2pool captures 18% of the hashrate or 26.31 exahash per second.<\/p>\n Lots of crypto supporters celebrated bitcoin\u2019s new price rise. After the $30k crossing, the market maniac Holger Zschaepitz said: \u201cBitcoin tops 30k for the first time ever only 17 days after cryptocurrency crossed 20k.\u201d<\/p>\n Another individual wrote: \u201cWell, bitcoin breaking $30k is [definitely] a solid way to start the year.\u201d<\/p>\n A number of bitcoiners wholeheartedly believe the price of BTC<\/a> will climb much higher than the $30k handle. \u201cDon\u2019t sell your sats to mega institutional investors at $30k,\u201d tweeted Phil Geiger. \u201cThey have far more resources than you and they will happily pay you $200k for a bitcoin.\u201d<\/p>\n The onchain researcher, Willy Woo, has said people shouldn\u2019t stress investing in bitcoin at this price when the price could very well reach $300k. \u201cIf you\u2019re looking for an entry to HODL Bitcoin long term, don\u2019t nickel and dime an entry,\u201d Woo tweeted. \u201cYou\u2019re not going to sweat a few thousand dollars of non-perfect entry when it\u2019s $100k, $200k, $300k in a year.\u201d Woo added:<\/p>\n The main bull phase is here. Capital inflows [have] gone nuts.<\/strong><\/em><\/p>\n<\/blockquote>\n <\/ins> <\/ins> <\/p>\n Since bitcoin (BTC<\/a>) started its bullish rise crushing the 2017 all-time high, the crypto asset has not seen any major pullbacks yet. In 2017, BTC<\/a> saw roughly four 25-38% losses during the ride up. One analyst says that the monthly momentum indicator shows we may see a big pullback soon.<\/p>\n \u201cSomething interesting that I\u2019ll be on guard for (interesting, but, not actionable by itself),\u201d the trader Mr. Anderson told his 64,000 Twitter followers. \u201cThe last and only time that BTC<\/a> saw a monthly momentum reading this high we saw a 38% retrace [and] a recovery intra-month and continued exponentially.<\/p>\n At the time of publication, the entire market valuation of all 7,500+ digital assets is near $800 billion and steadily inching toward $1 trillion. Bitcoin\u2019s market cap<\/a> captures $573 billion worth of the entire crypto market economy<\/a>.<\/p>\n Currently, bitcoin (BTC<\/a>) is trading for $31,200 per unit on Saturday, January 2, 2021.<\/p>\n What do you think about bitcoin surpassing the $30,000 price zone on Saturday morning? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n The post Bitcoin Value Leaps Over the $31K Handle, BTC Sees an All-Time Price High in 2021<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"Bitcoin](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/01\/bitstamp_btc_usd-sat_2_jan_08_43_59.jpg\" "\\"Bitcoin")
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