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Bitcoin Hits $16K For a New 2020 Record: 325% Up Since March Yearly Low

Summary:
Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the ,000 mark. With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced. It’s worth noting that this is another yearly high. It’s also interesting to see how high can Bitcoin go during its current bull run. At the time of this writing, we are only 25% away from the previous all-time high of 2017. BTC/USDT, Binance. Source: Binance.As CryptoPotato reported earlier today, the popular cryptocurrency exchange Kraken released their monthly report for October. In it, they outlined that November has been very volatile month and that the price might start

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  • Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark.
  • With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced.
  • It’s worth noting that this is another yearly high.
  • It’s also interesting to see how high can Bitcoin go during its current bull run. At the time of this writing, we are only 25% away from the previous all-time high of 2017.
Bitcoin Hits $16K For a New 2020 Record: 325% Up Since March Yearly Low
BTC/USDT, Binance. Source: Binance.
  • As CryptoPotato reported earlier today, the popular cryptocurrency exchange Kraken released their monthly report for October.
  • In it, they outlined that November has been very volatile month and that the price might start creeping up to its former all-time high.
  • So far, this seems to be the case.
  • Meanwhile, Bitcoin’s dominance seems to have increased during this latest rally, meaning that altcoins have failed to gain any further grounds.

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