Wednesday, November 18, 2020

Bitcoin Sets A Record Of $ 18,000, Turns 11% To The Throne Of $ 20,000!

 In the middle of the day, Bitcoin investors (BTC) launched a surge in assets that overtook a price tag of $ 18,000 over their morning record, $ 17,705.

BTC posted a record high of $ 18,495 before retreating lower to its current value of $ 17,820.

This led to a 13.06% jump in prices since the $ 16,000 breakout, 54% in just a month and 114% over the year.

The last time BTC paid $ 18,000 was in December 2017.

Now, BTC needs an 11% increase to reach an all-time high (ATH) of $ 20,000 and keep going up to $ 22,000.

Other cryptocurrencies also saw a positive spike, starting with Ethereum (ETH) rising 6% to $ 493, Chainlink (LINK) soaring nearly 11% and other assets with a record of around 2% -6%.

The founder and crypto asset lending firm Nexo (NEXO), Antoni Trenchev, explained that BTC's triumph today is not temporary.

The culprit that led to this surge in craze was due to the HODL wave, in which the number of BTC holders exceeded a year at ATH highs.

Interestingly, these positive changes have not only impacted the value of BTC and other major crypto assets but also affected other crypto markets such as DeFi.