Bitcoin Price Soars 9% In 24 Hours & Hits 2020 Ath Of $15,950

Bitcoin worth reached a brand new 2020 excessive at $15,950, main analysts to foretell a continued rally to $17,000.

Within the final 24 hours, the value of Bitcoin (BTC) rose by greater than 10%, breaching the $15,000 deal with for the primary time since January 2018, and reaching a brand new 2020 excessive at $15,950.

Information from Markets reveals the BTC/USD pair briefly rose to $15,950 earlier than retracing to $15,500. In accordance with crypto analytics platform Messari, Bitcoin has now spent greater than 20 days above the $15,000 barrier and 19 days above $15,109. This represents roughly 0.4% of the crypto asset’s life because it was created in 2009.

“Folks won’t ever once more say Bitcoin is useless,” mentioned Grayscale CEO Barry Silbert in response to the current worth motion.

Bitcoin’s bullish conduct comes amid breaking information that the USA Division of Justice can be seizing greater than $1 billion in Bitcoin from an unnamed hacker who breached a Silk Highway pockets.

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