6 reasons bitcoin is trading at its highest level since 2017 — and 1 warning

The popular digital currency, which is arguably one of the most polarizing in financial markets, is approaching heights not seen since the frenzied rush into cryptocurrencies three years ago.

Bitcoin’s price
BTCUSD,
+0.29%

on Wednesday briefly hit an intraday peak at 18,358.98, and was pulling back in recent trade but still on pace for the fourth-highest finish in its history since December 2017, when the asset briefly flirted with $20,000 before collapsing…


Source link

About bitcoin

Check Also

Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during …

Leave a Reply

Your email address will not be published. Required fields are marked *