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Bitcoin price exceeds $ 30,000 for the first time

bitcoin new ath
Bitcoin price nearly quadruples in 2020. It surpassed this Saturday – for the first time – $ 30,000. It’s a new record ATH!

Btc on Wednesday jumped to a record $28,599.99 after the digital currency almost quadrupled in value this year amid heightened interest from bigger investors.

Bitcoin price nearly quadruples in 2020. It surpassed this Saturday - for the first time - $ 30,000. It's a new record ATH!
Bitcoin price exceeds $ 30,000 for the first time 2

The world’s most popular cryptocurrency was last up 2.3% at $28,012. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.

Btc has increasingly seen demand from larger U.S. investors in particular, attracted by its perceived inflation-hedging qualities and potential for quick gains, as well as expectations it would become a mainstream payments method.

Investors said the limited supply of bitcoin – produced by so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles – has helped power upward moves over recent days.

Many recent entrants to the market are holding onto positions, they said.

“The supply side to the bitcoin market will remain tight,” said Jacob Skaaning of crypto hedge fund ARK36.

Read More:  YENTS, a Kenyan stablecoin now awaits approval from regulators

Other major cryptocurrencies, which tend to move in tandem with btc, were flat. Ethereum, the second-biggest, was down 0.4%, on track for a 2020 gain of around 465%.

Source: Reuters and Globalnews

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The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
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Bruno Marques

Hi! I am the CEO/Founder of Crypto DeFinance, and I am an Enthusiast crypto investor. I started this project so we can provide you with carefully curated news. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
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