Bitcoin Hits $19,000 for First Time in 3 Years
- Date: 25-Nov-2020
- Source: Al Bawaba
- Sector:Financial Markets
- Country:uae-top-picks
Bitcoin Hits $19,000 for First Time in 3 Years
Bitcoin hit $19,000 on Tuesday for the first time in nearly three years, homing in on its all-time high of just under $20,000.
The world's most popular cryptocurrency was last up 3.2% at $18,958. Bitcoin has gained nearly 40% in November alone and is up around 160% this year.
Fuelling its gains have been demand for risk-on assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies would win mainstream acceptance.
Via SyndiGate.info
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