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    Home » Crypto News » Bitcoin Price Breaks $21K: Adds Over $2000 In Less Than 24 Hours

    Bitcoin Price Breaks $21K: Adds Over $2000 In Less Than 24 Hours

    Author: George Georgiev

    Last Updated Dec 17, 2020 @ 07:19

    Bitcoin has surged past $21,000 and it shows no signs of slowing down. It has added more than $2,000 in the past 24 hours alone.

    Bitcoin shows no signs of slowing down as the cryptocurrency market continues to expand. Over the past day alone, the total capitalization has surged by more than $50 billion and now stands above the $600 billion mark.

    Bitcoin Price Surges Above $21,000

    Earlier today, as CryptoPotato reported, BTC finally managed to break above the coveted $20,000 level for the first time in history, hence charting a new all-time high.

    To say that everyone expected what followed next, however, would be an overstatement. The price didn’t consolidate, it didn’t retreat to establish support – it continued to increase. At the time of this writing, bitcoin is trading at around $21,400 on Bitstamp.

    btcusd_chart
    BTC/USD. Source: TradingView

    Earlier today, we discussed potential price levels to watch in the short term, most of which have been hit already.

    Bitcoin continues with its price discovery and it’s particularly interesting to see where it would head up next. Of course, during very volatile movements of this kind, it’s crucial to remain reasonable, execute trades with a clear strategy in mind and never chase moves based on FOMO. The market will always present opportunities and preserving capital should be a number one priority.

    ADVERTISEMENT

    Over $2,000 Added in 24 Hours

    With all of the above comes another positive consequence. Bitcoin has managed to add upwards of $2,000 in the past 24 hours alone.

    At present, the daily candle has a low of around $19,227, having peaked at $21,464. This was outlined by the Co-Founder and CEO of Blockstream and well-known Bitcoin proponent, Adam Back.

    Well there’s the first $2k candle on the daily. pic.twitter.com/8z9eQMnEIP

    — Adam Back (@adam3us) December 16, 2020

    The rest of the market is also well in green with Ethereum charting a 7.6% daily increase and trading well over $630. Ripple’s XRP is also on the rise after having slowed down for the past few days. The cryptocurrency now stands at around $0.535, charting 12.9% gains on the daily.

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    Tags: Bitcoin Bitcoin (BTC) Price
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a 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

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