![Bitcoin Hits $23,000 as It Continues Its Historic Ascent](https://u.today/sites/default/files/styles/736x/public/2020-12/Bitcoin%20cover%2023.jpg)
Bitcoin continues rising at an astounding pace. On Dec. 16, it first surged above the $20,000 level, then broke through $22,000 just as easily.
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Another all-time high has been set now, as the king crypto surpassed the $23,000 level on crypto exchanges.
![Article image](https://u.today/sites/default/files/styles/736/public/inline-images/BTC%2023.jpg)
Bitcoin continues ascending as more news of the Fed planning to print more USD emerges. Along with it, more and more big-name financial institutions are getting into Bitcoin to rescue their cash reserves from devaluation.
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At press time, Bitcoin is changing hands at $23,306.