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Bitcoin Has Reached New All-Time High of $29,629

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Fri, 01/01/2021 - 12:50
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Yuri Molchan
Just now the flagship cryptocurrency has inched closer to $30,000, reaching another all-time high above $29,600
Bitcoin Has Reached New All-Time High of $29,629
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Bitcoin has just hit $29,629, as shown by CoinMarketCap, reaching a new historical peak and being just a few steps away from the $30,000 line.

In 2020, which ended just yesterday, Bitcoin showed an increase of more than 300 percent, surging from the $7,900 area to above $29,000.

BTC
Image via CoinMarketCap

Related
Bitcoin Surged Almost 4X in 2020, Peter Schiff Admits, But He Remains Sceptical About BTC

Institutional investors keep absorbing BTC this year, with Grayscale Investments and MicroStrategy being the most active of them and holding the biggest amounts of Bitcoin (and Grayscale also holds other coins for its customers). 

Another major reason for the BTC rise in 2020 and now is the massive stimulus program conducted throughout 2020 and it is to be continued.

Today, it was reported that Grayscale helmed by Barry Silbert now holds more than a whopping $20 billion in BTC, ETH and other cryptocurrencies.

BTC
Image via Twitter
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.