After a short-lived retracement, Bitcoin has once again set a new all-time high by crossing $35, 000 mark.
The current high now means that Bitcoin:
- Gained over 80% in less than a month (December 16, 2020)
- Gained over 26% since the start of 2021
- Gained over 10% in the last 24 hours
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The new high now positions Bitcoin as the 8th most valuable asset according to a recent ranking with a market cap of $657 billion as of this writing.
Trailing behind Bitcoin is Ethereum, which has jumped over 52% in the last week, and above 9% in the last 24 hours.
The rise in Bitcoin value comes just a day after the Office of the Comptroller of Currency (OCC) published a guidance greenlighting federally chartered banks to use stablecoins and public blockchains for settlement.
The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks.
The OCC is an independent bureau of the U.S. Department of the Treasury.
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RECOMMENDED READING: The Total Cryptocurrency Market Cap Grew By More than 3.3x in 2020 Alone, Latest Report Shows
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