Notebookcheck
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Bitcoin jumps above US$15,000 to hit the highest value of the year

Bitcoin's today peak of US$15,561.39 hit on November 6, 2020 (Source: Coin Stats)
Bitcoin's today peak of US$15,561.39 (Source: Coin Stats)
After struggling around the US$10,000 line for most of the year and with the lowest point of 2020 at US$4,887.52, Bitcoin is now above US$15,000. Earlier today, the world's most popular cryptocurrency has reached the highest value of the year — US$15,561.39 — but it would not be surprising to see it hit US$16,000 in the coming days.

Working For Notebookcheck

Are you a techie who knows how to write? Then join our Team! English native speakers welcome!

News Writer - Details here

This morning, I woke up with a notification on my phone regarding Bitcoin's highest value of the year so far, which was US$15,561.39. After reaching that peak, it looked like everything was slowly settling down with a minor drop. However, as I write this, the value of the world's most popular cryptocurrency is US$15,617.60 and the highest value of the year — reached a few hours ago, apparently after I got the aforementioned notification — is US$15,921.03.

I cannot tell if this abrupt climb has anything to do with the US presidential election or the resurgence of the COVID-19 pandemic in Europe, but those who purchased Bitcoin in mid-March, when this currency's price was below the US$5,000 mark, should definitely open a bottle to celebrate.

The last time Bitcoin's price jumped by over US$1,500 in a day was during the epic bull run in 2017. Right now, we are talking about the highest price of this cryptocurrency since January 8, 2018. With an index that has also jumped from 72 to 90, Bitcoin is now apparently overbought but some experts disagree.

For how long will this situation continue? Is it possible to see Bitcoin reaching US$25,000 before the end of the year? Or maybe US$20,000 by the end of this month? These are a few interesting questions that will get their answers as time goes by, but feel free to hit the comments section and share your thoughts with us.

, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 
Read all 2 comments / answer
static version load dynamic
Loading Comments
Comment on this article
Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5461 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 11 > Bitcoin jumps above US$15,000 to hit the highest value of the year
Codrut Nistor, 2020-11- 6 (Update: 2020-11- 6)