On the 24th of November, Bitcoin hit $19,000, a new high not seen since late 2017. Before now, BTC hit its ATH of $19,665 on the 16th of December in the same year. Currently trading at $19,262.20, Bitcoin is on its way to a new high of $20,000. At press time, the top digital asset is up 4.96% in the last 24 hours. Also, by CoinMarketCap showed that BTC has a 24-hour trading volume of nearly $52 billion.
Over the past months, Bitcoin’s performance has been commendable. The digital asset rebounded from the mid-March crash and has been rising since then. Back in August, BTC traded around $11,000 and has climbed over 70% to its current trading price.
According to a report, several factors, including the rise in institutional and individual investors, are behind the BTC spike. Wealthy investors such as MicroStrategy CEO Michael Saylor have acquired large amounts of the digital asset. declaredImage Credits: Pixabay
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