16th, December 2020 (13 hours ago)
News
After testing investor patience for three weeks, bitcoin has finally crossed above $20,000 to reach fresh all-time highs.
After testing investor patience for three weeks, bitcoin has finally crossed above $20,000 to reach fresh all-time highs.
The number one cryptocurrency by market value jumped over the key psychological threshold during the early U.S. trading hours, surpassing the previous peak price of $19,920 recorded on Dec. 1. At the current price of $20,374, bitcoin (BTC, +6.23%) is up 5.4% over 24 hours, according to CoinDesk’s Bitcoin Price Index (BPI).
Bitcoin’s value has doubled in the past three months and the institutional-led rally looks sustainable. Meanwhile, other prominent cryptocurrencies such as ethereum (ETH, +5.68%), litecoin (LTC, +6.8%) and XRP (+7.1%) are still down 58% to 88% from their respective lifetime highs reached three years ago.
https://www.coindesk.com/
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