Bitcoin Price Spikes Over $20k; What’s Next?
Join Our Telegram channel to stay up to date on breaking news coverage Apart from the developments in the US markets, the British parliament’s move today to treat cryptocurrency as a legitimate form of currency sent Bitcoin soaring. On Wednesday, the total value of the cryptocurrency market increased by more than 5% and once again surpassed $1 trillion. Since Bitcoin hasn’t shown any movement since early September, this is quite significant news . As of this writing, the price is at $20,200, representing a movement of about 5.6% over the preceding 24 hours. However, several indicators suggest that volatility will increase this week. The Price of Bitcoin Keeps Rising Bitcoin’s stability near the $20,000 mark over the past few weeks has prompted conflicting opinions from market watchers. Bitcoin has hit its bottom, says crypto expert Michael van de Poppe, defying pessimism predictions that it will go to $14,000 or below. Bitcoin’s current sup...