Bitcoin Hits $20,000 for the first Time Ever Which was the Highest Peak ever!
In the past, the cryptocurrency Bitcoin has been significantly growing which somehow reaches $20,000 per bitcoin recently and only to crash down hard in the next couple of days trigging a multi-year bear run which saw the price going as low as $3,200. But bitcoin come close again a few rounds in November and December which the price completely stopped short of $20,000 followed by some drops.
However, there was no stopping in Bitcoin as there is a string of good news and even companies like MicroStrategy and Square has started to buy Bitcoin because they think it is something they should have on their balance sheet, while Grayscale a digital investment company also keep purchasing massive amounts of Bitcoin and PayPal also confirmed their years of rumors by adding the crypto assets into their service.
While the sheer numbers of the bitcoin reaching $20,000 per bitcoin it isn’t significant that being a round figure as Bitcoin has consistently reached a new peak for the past 12 years of existence is important and there might be a no-limit of the peak for bitcoin to hit in the future. As other cryptocurrencies are doing well, with Ethereum trading at $600 and XRP trading at $0.46 — not their highest levels ever, but pretty far from the doldrums, they were in last spring. Overall, the total market cap of all cryptocurrencies according to CoinGecko is around $600 billion.