Bitcoin Steadies After Failing to Reach the Key $20,000 Level | Crypto Craft

  • Bitcoin Steadies After Failing to Reach the Key $20,000 Level

    From bnnbloomberg.ca

    Bitcoin pared a drop after earlier flirting with the $20,000 level and falling back as investors took profits from its surge this year. The digital asset was little changed at about $19,232 as of 8:42 a.m. in London on Wednesday. This week, Bitcoin surpassed its all-time high from December 2017 and reached $19,914 before weakening again. “Bitcoin volatility will remain high and for now it seems that the $20,000 level will remain a major hurdle,” said Edward Moya, senior market analyst at Oanda. Traders may be taking profits but institutions are keen to buy when the cryptocurrency dips, he added. Bitcoin is up ... (full story)

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TudorIoan
Dec 2, 2020 6:21am
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Bitcoin is a swollen bubble right now.
It can blow up anytime.

Bitcoin is not money.
Never was and never will be.
Because it cannot scale.

If the price right for your coffee in bitcoin, it would be like $500 because of the transaction's real costs.

This crypto trash is built on a LIE ! As tulip bulbs or mortgage backup assets once upon a time...
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