Bitcoin Tops 20K For The First Time

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Bitcoin has topped $20,000.

Angela Lang/CNET


[/personal-finance/bitcoin-is-back-hitting-record-high-price/ Bitcoin continues its meteoric rise], for the first time ever hitting a price of more than $20,000. As of Dec. 16 at 12 p.m. PT, the [/tags/cryptocurrency/ cryptocurrency] clocked in at a value of $20,842.90, as reported earlier Wednesday by [ CoinDesk].
Its previous high came on Nov. 30 when it reached a price of $19,850. Bitcoin has been slowly rising throughout 2020, custom following its infamous crash down to around $3,000 in 2018. It had almost reached $20,000 in December 2017.






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<[ ][ ], announced in October that it had [ invested $50 million in Bitcoin]. "We believe that Bitcoin has the potential to be a more ubiquitous currency in the future," said Amrita Ahuja, Square's chief financial officer. 

[ PayPal will also begin allowing Bitcoin] and fellow cryptocurrency Ethereum to be bought, sold and held on its platform from 2021.

See also: [/personal-finance/best-cash-back-credit-cards/ Best cash-back credit cards for December 2020]


























[/tags/bitcoin/ Bitcoin]



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