Bitcoin climbs past $19,000 - close to record value

Bitcoin climbs past $19,000 - close to record value

The price of bitcoin has climbed past $19,000 as the cryptocurrency’s 2020 surge continues. Bitcoin climbed past $19,207 on Tuesday as the world’s best-known cryptocurrency continues to surge in 2020.

Bitcoin News Today

Bitcoin climbed past $15,000 on Nov. 5 and $18,000 on Nov. 19. Bitcoin’s market value — which is calculated by multiplying the total number of bitcoins in circulation by the price — now stands at $355.9 billion, higher than the $331.8 billion it hit in December 2017.

It was trading about 4.25% higher on Tuesday morning at $19,207 and is expected to climb further.

It is now creeping up toward the all-time high of $19,783 posted in December 2017. Is this year different from the past – where the price falls significantly after the new year? a Bitcoin trend as most investors are looking to capitalise on the fall and systematically move money our of Bitcoin towards the end of the year.

Etherium News Today

Etherium, the second-biggest cryptocurrency also gained by 2.06% and stands at a value of $610.04.

The biggest update in Ethereum’s history will officially begin its first phase on Dec. 1 when the Ethereum 2.0’s Beacon chain goes live.

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