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Massive Bitcoin price gain in 2020
Bitcoin is off to its best start to a year since 2012, gaining about 20% in two weeks amid renewed enthusiasm for cryptocurrencies.
The world’s largest virtual coin rallied after climbing out of the downward price channel it’s been trading in for weeks, rising as much as 5.9% to $8,607, the highest since November. The move upward coincides with the debut of new options linked to the digital currency.
The Bloomberg Galaxy Crypto Index tracking a basket of digital currencies was up about 5.6%. Rival coins including Ether, XRP and Litecoin advanced, with Dash gaining more than 60% in three days.
[Bloomberg]
Bitcoin is off to its best start to a year since 2012, gaining about 20% in two weeks amid renewed enthusiasm for cryptocurrencies.
The world’s largest virtual coin rallied after climbing out of the downward price channel it’s been trading in for weeks, rising as much as 5.9% to $8,607, the highest since November. The move upward coincides with the debut of new options linked to the digital currency.
The Bloomberg Galaxy Crypto Index tracking a basket of digital currencies was up about 5.6%. Rival coins including Ether, XRP and Litecoin advanced, with Dash gaining more than 60% in three days.
[Bloomberg]

