Bitcoin climbed past $19,000 Tuesday as the world’s best-known cryptocurrency continues its 2020 surge. The price of bitcoin was trading about 4.25% higher for the session at $19,207, according to data from industry site CoinDesk.
Bitcoin has been on a tear in 2020, skyrocketing over 150% in a jump crypto enthusiasts have credited to unprecedented monetary and fiscal stimulus in response to the Covid-19 crisis as well as interest from big-name investors such as Paul Tudor Jones and Stanley Druckenmiller.
It is now creeping up toward the all-time high of $19,783 posted in a December 2017 rally that saw the values of several cryptocurrencies surge. After hitting that milestone, the bubble burst and bitcoin plummeted to $3,122 the following year.
But many crypto fans claim things are different this time. They’ve cheered big moves in the industry from the likes of Fidelity Investments, Square and PayPal.
CNBC
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