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The price of Bitcoin has seen an impressive rise, surpassing $44,000 and peaking at $44,488 per unit In recent days. Bitcoin, the leading cryptocurrency by market capitalization, has experienced a surge in value of more than 24% in the last month and more than 18% in the last two weeks alone.
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This week, Bitcoin has seen a remarkable rise of more than 15% against the US dollar. As of Tuesday, December 5, BTC’s trading volume stood at $31.68 billion, more than double the previous day.
Bitcoin has not reached these levels of value since April 6, 2022, before the Terra market crash. Despite a $31 billion trading volume, BTC’s dominant trading pairs were USDT, FDUSD, USD, USDC and KRW. Prominent exchanges for global BTC trading volume include major platforms such as Binance, Kraken, Coinbase and Bitfinex.
Bitcoin’s surge this week has resulted in it outperforming major companies such as Meta, Tesla and Berkshire Hathaway. The recent price increase makes BTC the ninth-largest asset by market capitalization. This ranking includes a variety of assets, including companies, precious metals and exchange-traded funds. The top-ranked asset is NVIDIA with a market capitalization of $1.45 trillion.
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