Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Blasts Through $20,000 to New Record High, Soaring 180% Year-to-Date

by Daily Hodl Staff
December 16, 2020
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Bitcoin has set a new all-time high after smashing through $20,000.

Currently trading at $20,763, up over 7% in the past 24 hours, the world’s leading cryptocurrency opened at $19,246 on Tuesday, climbed to $19,442 on Wednesday and broke its previous intraday record of $19,783 set on December 18, 2017.

BTC is now up 185% year-to-date after kicking off 2020 at $7,234, according to data from CoinMarketCap. The massive gains follow moves by The Federal Reserve, along with other central banks, to control the economic fallout from Covid-19 by pumping trillions of dollars of liquidity into the capital markets.

Bitcoin’s steady rise throughout the year also reflects mainstream adoption by payment platforms such as PayPal and increasing institutional interest. With its fixed supply of 21 million units, the digital currency is making a case as a safe-haven asset against a backdrop of low-to-zero yielding government bonds, the relentless pandemic, unprecedented industry disruptions and global economic uncertainty.

Over the course of 2020, the leading cryptocurrency has attracted big investors like Paul Tudor Jones of Tudor Investment Corporation, longtime hedge fund manager Stanley Druckenmiller and Michael Saylor, CEO at MicroStrategy.

It’s also managed to flip strategists such as Fraser-Jenkins, the co-head of Bernstein Research’s portfolio strategy team, who wrote earlier this month that he had changed his mind “about bitcoin’s role in asset allocation.”

Ray Dalio, co-chairman of the world’s biggest hedge fund, Bridgewater Associates, warned last month that governments will  move to “outlaw” Bitcoin if it continues to grow and starts to become “material,” reports Forbes. But the skeptic softened his tone in a recent ask-me-anything thread on Reddit, noting that the top crypto could “serve as a diversifier” to gold.

Crypto proponents are in full force on Wednesday with bullish remarks. Real Vision co-founder Raoul Pal is calling Bitcoin “the world’s best trade” while Edward Snowden tweeted one word: Bitcoin.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/GaudiLab

Submit a Press Release

Crypto Livewire – Press Releases

  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
Submit a Guest Post
Bitcoin
$34,529.00
$34,529.00
7.76%
Ethereum
$1,433.20
$1,433.20
9.22%
XRP
$0.278445
$0.278445
2.26%
Litecoin
$145.73
$145.73
5.42%
Bitcoin Cash
$460.20
$460.20
6.31%

Spotlight

  • Six Crypto Assets Have Skyrocketed More Than 100% in Just One Week
    January 20, 2021
  • Select Group of Altcoins Are Set To Explode, Says Crypto Trader Elliot Wainman
    January 24, 2021
  • Top Crypto Lawyers Predict Outcome of SEC’s Case Against Ripple and XRP
    January 21, 2021
  • Coinbase Says Institutions Beginning To Pour Money Into Ethereum in Addition to Bitcoin
    January 25, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.