The Bitcoin Price Surges to 3-Year High and is Quickly Eyeing $20,000
On Thursday, the price of bitcoin unexpectedly rose above $15,000. It’s incredible to see such a massive price increase, especially considering it was trading around $5,000 in March. Surprisingly, the price increase occurs in the midst of a pandemic, economic uncertainty, and the conclusion of the US elections.
Ethereum and Ripple also swelled, along with Bitcoin, and experienced significant gains.
Bitcoin has been on its way to stability, with prices rising in the last six months, giving investors huge confidence to catch up with cryptocurrency and re-targeting others to consider this investment that had previously dropped. It is also likely that if the government issues a stimulus package, the price of Bitcoin could rise further.
Currently, Bitcoin is currently traded at 15,637.80 United States dollars at the time of writing this article.