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20/11/18_Bitcoin exceeds $ 18,000, new all-time high in sight?

Bitcoin broke $ 18,000 on Wednesday, reaching a new year-on-year peak. The rapid growth of BTC this year is driven by the demand for its perceived quality as a hedge of inflation and the expected acceptance by the general public.

 

The original and largest cryptocurrency last increased by 3% to $ 18,175, the highest since December 2017. It has grown over 160% this year and jumped 17% in just the last 3 days.

 

Bitcoin is now approaching its all-time high of just under $ 20,000, which it touched on top of its 2017 “bubble”.

 

The twelve-year history of a developing asset called Bitcoin is marked by dizzying price rises and equally sharp declines.

 

Sources: Reuters.com, WebTrader

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