Bitcoin, Price Bitcoin, Cryptocurrency, Bitcoin All-Time High, Bitcoin Record

Bitcoin, Price Bitcoin

Bitcoin Hits New All-Time High Of $19,850 Nearly Three Years After Crypto Crash

Bitcoin hit a new all-time high of $19,850 nearly 3 years after the crypto crash

11/30/2020 7:58:00 PM

Bitcoin hit a new all-time high of $19,850 nearly 3 years after the crypto crash

The price of bitcoin has skyrocketed up 170% this year alone–eclipsing its record high of $19,783 on Monday, but only for a few minutes.

ToplineLess than three years after crypto markets notoriously crashed, the price of bitcoin has proved resurgent, eclipsing its all-time high from December 2017 on Monday as the world's first cryptocurrency soars amid global inflation concerns sparked by heightened government spending during the pandemic.

Keira Knightley Will No Longer Be Shooting Sex Scenes Directed By Men Twitter permanently bans My Pillow CEO MyPillow CEO Mike Lindell has been banned from Twitter

Bitcoin logo displayed on a smartphone.SOPA Images/LightRocket via Getty ImagesKey Factsreached as much as $19,850–eclipsing an all-time high of $19,783 from December 2017, according to the CoinDesk Bitcoin Price Index, which provides the average price of bitcoin across several leading global exchanges.

Within minutes, the price fell back to about $19,500, but bitcoin is still up roughly 7% in the last 24 hours, boosting year-to-date gains to about 170%.Bitcoin’s rally this year has been fueled by investors flocking to cryptocurrencies as a hedge against longer-term inflation concerns, which have heightened as a result of large-scale government stimulus packages, Nigel Green, the CEO of $12 billion wealth advisory DeVere Group, said earlier this month.

The price of the U.S. dollar relative to other government-backed currencies, for example, has tanked to itsin two and a half years.Crucial Quote “The significance of a new all-time high in dollar terms can’t be understated,” Kevin Kelly, cofounder of Delphi Digital and a former Bloomberg equity analyst,

. “Many skeptics have publicly denounced bitcoin for failing to reach a new high despite such a favorable macro backdrop so this is yet another testament to bitcoin’s staying power.”Key Background Read more: Forbes »

Biden inauguration live updates: Biden takes over at White House

Updates during the transition from the Trump to Biden administrations -- and about a second Senate impeachment trial.

Hello, My name is Cynthia Menard, i want you to grab an opportunity of joining my team of investors who enjoy profits on weekly, bi-weekly and monthly basis. You get a chance to earn 5 digits sum every week DM for more info WhatsApp ➡️ +14082149358 BEST REGARDS! CYNTHIA. Pending next crash. If it hits high expect a big crash. They just pump and dump, nothing else is behind this scam.

thanks Forbes,going high is all we wish,my wish Guy I have a bank account please Hi there , i am from brazil , I have no job because coronavirus crisis, I need somebody help me 😢😢😢 god bless you and your family .😢😢😢 good luck Did ya hodl? YES!!! 👏🏽 What are you waiting for?!! Create an account using this BinanceUS Referral link to take advantage & earn more $: Referral ID: 35002540 HelpMeHelpYou Cryptocurrency Crypto Binance Bitcoin BTC BNB ETH LTC 🙏🏽♥️🤘🏽🤑🚀🌒

What crash 🤣😂 The future.