Bitcoin hits US$19,000 for first time in three years, all-time high in sight
Bitcoin hit US$19,000 on Tuesday for the first time in nearly three years, homing in on its all-time high of just under US$20,000.
24 Nov 2020 06:21PMShare this contentBookmarkLONDON: The world's most popular cryptocurrency was last up 3.2per cent at US$18,958. Bitcoin has gained nearly 40per cent in November alone and is up around 160per cent this year.AdvertisementAdvertisement
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.Graphic: Bitcoin breaks US$19,000 https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgzyrkvq/bitcoin.JPG
(Reporting by Saikat Chatterjee; Additional reporting by Tom Wilson; editing by Thyagaraju Adinarayan) Read more: CNA »
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