Bitcoin hits all-time high, closes in on $20,000
Posted: Dec 2, 2020 16:38
Photo by Thought Catalog on Unsplash
Bitcoin climbed to an all-time high of $19,920.53 on Dec 1, going past its Dec 18, 2017 high of $18,094. The cryptocurrency had been written off by many when it crashed to $3,122 on Dec 16, 2018.
Bitcoin has gained nearly 180% since the start of this year, with a section of the market viewing it as a safe haven during the coronavirus crisis. Opinions about its worth continue to be divided, but there are several renowned investors and institutions backing it after its comeback.
Business Insider (Feb 24, 2020) :
CNBC (May 11, 2020) :
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