Bitcoin prices break past $19,000 and approach an all-time high

Bitcoin prices break past 19,000 and approach all-time high

Bitcoin prices break past $19,000 and approach an all-time high

Bitcoin pricing is booming, rising past the $19,000 mark for the first time in almost three years, pushing the cryptocurrency’s value close to a new all-time high.  

In late 2017, Bitcoin’s value increased to $19,783 per coin. Soon, Bitcoin could see its value increase to over $20,000 for the first time, assuming the currency’s price surge continues. 

Other cryptocurrencies, such as etherium and Ripple have also seen their values increase, with Ripple outperforming Bitcoin by increasing in value by over 30% in the past 24 hours. Some analysts are claiming the Bitcoin is about to experience another explosion in value, expecting Bitcoins to be valued at more than $100,000 next year. 

Global Google searches for Bitcoin have increased by 112% year-over-year, showcasing increased interest in the cryptocurrency. In 2021, PayPal plans to support Bitcoin as a currency, allowing its users to utilise it for shopping, buying and selling on their platform. 

As always, we will say that investing in cryptocurrencies is a risky venture. Cryptocurrencies have seen several rapid increases in value and painful crashes over the past few years. Generating a profit is not guaranteed, and exiting the market at the wrong time could result in hefty losses.  

Bitcoin prices break past 19,000 and approach all-time high

(Data from Coindesk)  

 
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Bitcoin prices break past 19,000 and approach all-time high