Infotech Bitcoin breaks all-time high, nearing $ 20,000

Bitcoin breaks all-time high, nearing $ 20,000

The price of bitcoin, the first decentralized cryptocurrency, exceeds $ 19,700 on Monday, November 30, for the first time since its creation eleven years ago, boosted by its increasingly widespread use and by the risk appetite of the markets.

By mid-afternoon, the price of bitcoin was climbing 8.2% to $ 19,761, after having surpassed its previous record moments earlier, reached on December 18, 2017 at $ 19,511, according to data compiled from of several exchange platforms by the Bloomberg agency.

Tomorrow, we’ll pay without even realizing it

A 40% increase in just one month

Bitcoin has grown 175% since the start of the year, with a surge of over 40% since October 21, when online payments giant Paypal announced it was launching a buy, sell, and sell service. of payment by cryptocurrency.

“We are moving into uncharted waters for prices, and this little boost could send the price even higher”, said Craig Erlam, analyst at Oanda.

Created by anonymous people as a decentralized means of payment, and adopted by investors adept at alternative investments, bitcoin has seen other spectacular rises, and equally dizzying drops.

During its previous peak in 2017, the rise of the time mainly concerned retail investors. In 2020, investment funds and large banks are now interested in cryptocurrencies.

Bitcoin and other virtual currencies soar, thanks to Facebook’s Libra project

Bitcoin has also benefited in recent weeks from the wave of purchases in all markets, caused by the economic stimulus measures put in place by central banks to counter the Covid-19 pandemic.

The flagship index of the New York Stock Exchange, the Dow Jones Industrial Average, exceeded 30,000 points last Tuesday for the first time in its existence before retreating, while the Nasdaq and the S&P had reached records Friday November 27.

Leave a Reply

Your email address will not be published. Required fields are marked *