Why Bitcoin price just hit $19,000 for the first time in 3 years
Wednesday, 11 25 2020, Category: Technology, Country: World
For the first time since 2017, Bitcoin price pushed above $19,000, and multiple indicators suggest the rally may continue.
The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. Three key reasons are behind the dominant cryptocurrency’s strong momentum.
The main factors buoying BTC’s ongoing rally are whale accumulation, decreasing exchange supply and explosive volume trends.