Crypto Observers Debate What s Next After Bitcoin Hits Record bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
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12/18/2020 3:51:22 PM GMT
Bitcoin set a new all-time high amid strong institutional demand.
This rally is fundamentally different, but the correction will still happen.
The critical downside target comes at $12,000-$13,000.
It s been a momentous week for Bitcoin. The pioneer cryptocurrency broke above psychological $20,000 and hit a new all-time high at $23,770. Since the beginning of October, the coin s value more than doubled; those who were wise enough to buy some BTC in the middle of March got away with 500% returns on their investments.
At the time of writing, BTC is changing hands at $22,600. The coin s market capitalization jumped to $430 billion, which is over 65% of the whole cryptocurrency market value.
Bitcoin Price Hits All-Time Max of $23,400, What s Next? coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.