Bitcoin Earns An ‘A-’ For The First Time on Weiss Crypto Ratings Due to ‘Excellent’ Reward & Adoption
- Bitcoin price up over 150% in the past 90 days
- BTC is available on 120 exchanges, Binance with the highest share and has a total of 8,739 trading pairs, where BTC/USDT dominates with 48% share.
- While Bitcoin gets an A-, Litecoin gets a B-
According to Weiss Ratings, the provider of independent, unbiased ratings of stocks, ETFs, financial institutions, and cryptocurrencies reported that Bitcoin, for the first time since Weiss Crypto Ratings was launched in January 2018, has got an A-.
— Weiss Crypto Ratings (@WeissCrypto) July 8, 2019
Bitcoin has become the top-rated asset of the Weiss Crypto Ratings that previously got a B or a lower grade.
Meanwhile, digital gold’s silver, Litecoin has got a B- which is outpacing its peers in terms of price, all thanks to the reward halving that is now less than a month away.
The jump in Bitcoin’s rating to a large extent is driven by the surge in its price. In the past 90 days, the leading cryptocurrency has seen an appreciation of more than 150 percent.
During these three months, we saw BTC going from $5,000 to as high as $13,000, further continuing to push higher.
While risk is fair, the reward generated by BTC is excellent that gives it a B rating per investment risk/reward metric. It further gets an A in technology/adoption, where technology is good and adoption excellent.
In other aspects, the flagship cryptocurrency is available on 120 exchanges, where Binance accounts for 5.7 percent followed by EXX at 4.5 percent, Coineal 4.3 percent, CoinBene 4.1 percent, Huobi 3.7 percent and the rest of the exchanges account for 77.8 percent.
As for the trading pairs on these exchanges – BTC/USDT dominates with a whopping 48 percent share. After the stablecoin paring comes the cryptos and fiat pairings with ETH/BTC 11.4 percent, LTC/BTC 7.3 percent, BTC/USD 7.2 percent, EOS/BTC 3 percent, and others account for 23 percent share. BTC has a total of 8,739 trading pairs. The world’s top cryptocurrency with a market cap of $222 billion is enjoying bulls this year.
Currently, a total of 17,801,472 BTC has been minted out of the fixed supply of 21,000,000. This supply release will further slow down after the reward halving of May 2020, driving its price to a new high.
Bitcoin’s price is $35,496.98 BTC/USD exchange rate today. The real-time BTC market cap of $665.15 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $25.7 Billion and live coin value change of BTC -6.11 in the last 24 hours.