The price of Bitcoin is rising! 2020
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, +6.92%) 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, +6.16%), litecoin (LTC, +7.43%) and XRP (+7.39%) are still down 58% to 88% from their respective lifetime highs reached three years ago.
Bitcoin exchange rate totals $ 30 000.