UNSTOPPABULL: Today, you could have bought a kilo of gold with one Bitcoin
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Another day, another record for the king of cryptocurrencies.
Bitcoin broke through the $US58,000 barrier this morning, trading at an all-time high of $US58,330.57 at 6.14am AEDT, according to Coinmarketcap.
At 1.20pm it had pulled back somewhat, trading for $US56,695 – still up 1.8 per cent in the past 24 hours.
That’s just under what a kilogram of gold is worth, according to goldprice.org, which put the price of the precious metal at $US57,412 early this afternoon.
#Bitcoin is now worth more than the entire Dutch stock market.
— Documenting Bitcoin 📄 (@DocumentingBTC) February 21, 2021
— Altcoin Daily (@AltcoinDailyio) February 21, 2021
— Ty 🐄-Uh-Moto (@TiKawamoto) February 19, 2021
On Australian exchanges, Bitcoin hit an all-time high of over $74,000 at roughly the same time, and was trading at close to $72,000 after lunchtime.
Meanwhile Ethereum had dipped a bit after reaching an all-time high of $US2,042 on Saturday afternoon. It was trading for US1,914, or $2,426, early this afternoon.
The rest of the crypto market was mixed, with 55 of the top 100 coins gaining ground over the last 24 hours and 45 losing it, according to Coingecko.
The best-performing top 100 coin in the past 24 hours is Pundi X, which has gained 70 per cent, while the worst-performing token is Amp, which has fallen 12.2 per cent.
Binance Coin is up 3.7 per cent in the past 24 hours to $US285, maintaining its hold as the third coin by market capitalisation. It started the year at under $US40.