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(GBTC), SPDR Gold Shares ETF (ETF:GLD) - Bitcoin Crosses $20K For The First Time Is This Rally A Repeat Of 2017?

Share: Bitcoin hit a new all-time on Wednesday, topping the $20,000 level for the first time and sending the Grayscale Bitcoin Trust (OTC: GBTC) higher by 8.1%. Bitcoin flirted with its 2017 highs of $19,850 a couple of weeks ago before pulling back. The popular cryptocurrency took out those levels on Wednesday and was trading at around $20,523 in early morning trading. Bitcoin prices bottomed at around $3,600 back in March but have since gained around 440%, making the cryptocurrency one of the best performing assets since the market recovery began. The 2020 rally has also finally made all the buyers during the 2017 bubble profitable on their trades.

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