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

DimitriKhetaguri DimitriKhetaguri
Dec 16, 2020 - 18:20 Updated: Jan 2, 2021 - 17:27
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The price of Bitcoin is rising! 2020

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.

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