Bitcoin value shoots over $18,000 for the first time since December 2017! Bitcoin value skyrocketed 8.6% yesterday to breach a level not seen since December 20th, 2017.
Bitcoin has had a stellar year – jumping 150% in a year full of monetary and fiscal stimulus in response to the Covid-19 crisis.
The all-time high is in sight – $19,783. The last time Bitcoin hit its all-time-high, the bubble burst and Bitcoin fell to $3,122 the following year.
Crypto enthusiasts say that this time, it’s different. Industry movers are in place that weren’t players in 2017, like Fidelity Investments, Square, and PayPal.
PayPal recently allowed users to buy, hold, and sell virtual currencies. They’re set to enable shopping with crypto early next year.
Bitcoin’s market value now stands at $337.2 billion dollars – higher than the market value in 2017, which was at $331.8 billion.
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