$23,000 & counting! Bitcoin skyrockets to a new all-time high

$23,000 & counting! Bitcoin skyrockets to a new all-time high

Quick take

1 minute read

  • Bitcoin hits a new all-time high.
  • Where will it go next?

It has been a very exciting day indeed!

The leading cryptocurrency is currently priced at above $23,000 at the time of writing and it doesn’t seem to be stopping.

Not only does this mean that bitcoin has a new all-time high but many are now questioning where the asset will go next.

So, bitcoin is priced at above $23,000 following a 19% increase over the past 24 hours and a 27% increase over the past seven days. 

Over the course of this year, institutional investment has been massive and has been a big help to the increase in value for bitcoin.

With coronavirus impacting all our lives in so many ways and the economic crisis that came as a result been hard for so many, cryptocurrency has been able to withstand the turmoil.

By the time this article goes live, the price of bitcoin may have changed or even surpassed the $23,000 key resistance level. If so, keep it with CryptoDaily For all market updates.

For more news on this and other crypto updates, keep it with CryptoDaily!

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