Bitcoin pierces $19,000 for first time since 2017 - Hindustan Times
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Bitcoin pierces $19,000 for first time since 2017

ByBloomberg | Posted by Arpan Rai
Nov 24, 2020 04:29 PM IST

Prices are approaching an all-time high with many pointing to the wider acceptance of cryptocurrencies among traditional investors as the catalyst behind the surge.

Bitcoin surpassed $19,000 for the first time since 2017 as the mania over digital currencies continues to grip Wall Street.

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture.(REUTERS)
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture.(REUTERS)

Bitcoin climbed as high as $19,103 before paring the advance, trading up 2.2% to $18,817 as of 10:25 a.m. in London. Prices are approaching an all-time high with many pointing to the wider acceptance of cryptocurrencies among traditional investors as the catalyst behind the surge.

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PayPal Holding Inc.’s October decision to allow customers to access cryptocurrencies led the coin to spike above $13,000 for the first time in over a year. And Fidelity Investments launched a Bitcoin fund over the summer.

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