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Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s

From coindesk.com

The price of bitcoin (BTC) crossed $29,000 Wednesday evening for the first time ever, pushing further into record territory after hitting what had been an all-time high earlier in the day. With the day's surge, the leading cryptocurrency resumed its rapid upward pace after seeming to be catching its breath on Monday and most of Tuesday following a record-setting run over the weekend. Bitcoin prices hit a high of $29,280.05 before dropping back to $29,231.01, up 5.28% in the last 24 hours. The price of bitcoin (BTC, +3.8%) has now risen more than 300% year to date and no doubt put visions of $30,000 in the minds of ... (full story)

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  • Category: Fundamental Analysis