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Bitcoin trades near Sunday record of $34,800 following 800% surge

From reuters.com

Bitcoin traded at $33,176 in Asia on Monday, after soaring to a record high of $34,800 on Sunday as investors continue to bet the digital currency is on its way to becoming a mainstream payment method. The latest milestone for the world’s most popular cryptocurrency came less than three weeks after it crossed $20,000 for the first time, on Dec. 16, and bitcoin has now surged some 800% since mid-March. Investors have said limited supply of bitcoin has helped power upward moves over recent days, with some also seeing it as a safe-haven play during the COVID-19 pandemic, akin to gold. Bitcoin’s potential for quick gains ... (full story)

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  • Category: Fundamental Analysis