3 years ago

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

George Georgiev Nov 11, 2020 18:21

Bitcoin's price managed to break the coveted $16,000 mark. It's currently only 25% away from its all-time high of $20,000.

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.

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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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

Tags: BitcoinBitcoin (BTC) Price

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

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