Following the U.S. Presidential election, crypto-currency Bitcoin saw a its price surge to $15,000 USD. Now, the surge continues with the price rising to $17,000 USD that brings them to a record high not seen since January 2018.
With the market cap currently at $315 billion USD it’s only a little under its prior record of $335 billion USD. Bitcoin had a rough start in 2020 having fallen as low as $4,000 USD and now making a comeback of epic proportions at $17,900 USD, which is a rebound of 330%. Projections state that Bitcoin is on track to beating its all-time high, $20,000 that was achieved back in 2017.
Ben Zhou, CEO & co-founder of Bybit, said in a statement that the recent surge mirrors the 2017 trajectory “We may well see minimal resistance until the bitcoin price approaches its all-time high,”
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