Bitcoin makes history and hits all-time highs
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Answer Bitcoin makes history and hits all-time highs
Quickly and smoothly, Bitcoin hit new highs today, Monday, November 30 at 14.54 UTC on the Bitstamp trading platform, surpassing the previous peak on the platform of $19,666 recorded on December 16, 2017.
November 30 will have a special place in crypto history as daily bitcoin weathers the peak of the frenzy in late December 2017, defying a plethora of skeptics who have likened the major cryptocurrency to the most infamous financial bubble.
The Bitcoin index varies from one trading platform to another.
Many crypto-followers consider the Bitcoin record to be the $20,000 level that Bitcoin has approached, with little left at the time of writing this article but $500 to break.
Bitcoin, the main cryptocurrency, has been in a bullish mode since early October, with the embrace of cryptocurrency PayPal, bullish comments from senior Wall Street figures, the dollar index that has fallen dramatically recently and the increasing difficulty of Bitcoin mining, all adding more fuel to its rocket Bitcoin.
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It seems that Bitcoin has decoupled from the performance of gold and is in sharp contrast to it after they were performing very similarly.
Bitcoin started its upward journey slowly since March, after which Bitcoin is up more than 170 percent since the beginning of the year.
The Dow, the main index of the US stock market, is in the red, sitting just below its record levels.
Last week, the Dow crossed the 30,000 mark for the first time in its century-long history.
While gold accelerated from the intense four-month sell-off, falling to $1,764 earlier in the day.
Read:BlackRock launches an ETF dedicated to tracking shares of crypto and blockchain companies
Altcoins followed the performance of Bitcoin and most of its indicators are green in varying degrees.
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