Bitcoin pierces $19,000 for first time since 2017
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.
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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