Bitcoin is surging in 2020 and nearing its all time high — here’s why

Bitcoin topped $18,600 on Friday, continuing a vertical climb that accelerated in early October. The largest digital currency by market cap is up 160% in 2020, and up 190% since March 15, following a crash in the second week of March that saw the price drop 25%.

Now it’s not far from its all-time-high of around $19,800 toward the end of December 2017.

Bitcoin (BTC) bulls are hoping this time is different. And it is, judging by the breathless media coverage and general mania: there isn’t…

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