News > Bitcoin Breaks $18,000 With All-time High In Sight

Bitcoin Breaks $18,000 With All-time High In Sight

News18 | 18/11/2020 05:54 PM | Click to read full article

Bitcoin broke through $18,000 on Wednesday to hit its highest since December 2017 extending its blistering 2020 rally driven by demand for its perceived quality as an inflation hedge and expectations of mainstream acceptance.

The original and biggest cryptocurrency jumped as high as $18,483 and was last up 2%. Bitcoin is now close to its all-time high of just under $20,000, which it touched at the peak of its retail investor-fuelled 2017 bubble.