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Bitcoin drives above 20,000 for the first time

16 Dec, 2020

Well, it is not exactly a surprise here as it was flagged as a potential move yesterday and again earlier today, but finally Bitcoin has lifted above 20,000 for the first time in its short history. The price shot above this level a few moments ago and understandably there has been some acceleration beyond the level. The high reached so far has been set at 20,398. Of course not that the lead cryptocurrency is in uncharted territory it is not going to be easy to assess where this current move might lead to. However, it would be no surprise if the break above 20k today does not deliver even more of a move than it has already. Bitcoin is currently trading at 20,215 but the price action is rapid 

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