Bitcoin Price Surged $19.000

by in Cryptocurrency News

BTC Price 24.11.2020

Justifying the expectations of the community, BTC today scored $19000 for the first time since mid-December 2017.

Related: PayPal CEO is optimistic about Bitcoin's prospects

Since November 18, it has been trading for about $18.700, sometimes felling lower than $18.000 then going up again.

At the time of writing the price is about $19.000. The crypto asset went up 1.5% on the day, and 13% in the past week. There are many factors causing this latest increase. These include investment from large companies such as MicroStrategy and Square, along with support from payments giant PayPal. Besides, while the demand is growing, Bitcoin's supply is being squeezed due to its halving (as less Bitcoin is now being produced on a daily basis).

In 2021 there will be allowed to purchase goods and services from over 26 million traders through PayPal and pay with BTC, ETH, BCH, etc.

The crypto community is waiting for Bitcoin to surpass $20.000, but the price can hardly be predicted.