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Bitcoin Price Breaks Historic $20,000 Mark

December 16, 2020 at 16:28 by Mark Stevenson

On Wednesday, December 16, the price of the flagship cryptocurrency broke the $20,000 mark for the first time in history. On the Bitstamp exchange, the Bitcoin surged to $20,800 at 14:10 GMT. At the time of writing, however, BTC is trading above $20,700 at 16:11 GMT.

Bitcoin Price Breaks Historic $20,000 Mark

Exactly a week ago, the price of one bitcoin dropped to a December low of $18,000. By the end of the week, prices returned to levels above $19,000, followed by a new historic milestone.

Over the past day, Bitcoin price has grown by 5%, the weekly gain was more than 10%. Bitcoin’s market capitalization at the time of writing was $376.9 billion with a 63.3% dominance over the rest of the market.

Altcoins are also showing growth. The price of the second largest cryptocurrency Ethereum by capitalization reached $625 at 14:11 GMT.

At the moment, however, ETH price is hovering around $623 at 16:11 GMT. The uptrend was facilitated by the news that the Chicago Mercantile Exchange (CME) will launch Ethereum futures trading in February 2021.

If you have any questions and comments on Bitcoin today, use the form below to reply.

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