Bitcoin rate has updated its maximum since December 2017
Date of publication: 19 November 2020
The price of the cryptocurrency increased to the level of $18.5K. Before the update of the historical maximum of $20K, the asset remains with 8% growth.
On Wednesday morning, November 18, the bitcoin rate rose to a maximum of $18.5K since December 2017. After that, the price of the cryptocurrency dropped to $17.2K. There has been growth of 7% over the past day, and 146% since the beginning of the year.
Bitcoin set an all-time high of $ 20K in December 2017. Back then the cryptocurrency rose in price by 850% in three months. The market growth was accompanied by numerous increases in the value of many altcoins. After that, a sharp correction began, which continued until the beginning of 2018. Bitcoin price fell by 84% to a low of $3 200.
Now, Bitcoin remains at 8% growth before renewing its all-time high. At the same time, only in November, the price of the first cryptocurrency has already risen by 34%. Pi Capital Union analysts believe that the asset value will continue to increase in the near future.
Pi Capital Union