Bitcoin Rises to Three-year Peak, Closing on All-time High

Business | November 20, 2020, Friday // 17:02| Views: | Comments: 0
Bulgaria: Bitcoin Rises to Three-year Peak, Closing on All-time High

Bitcoin (BTC) rose to a three-year high of ,600 on Friday, up 4.5% on the day and close to its all-time high of just under ,000.

Bitcoin has gained over 16% so far this week - its biggest weekly gain since June 2019 - and is up over 160% this year.

According to Deutsche Bank currently investors increasingly choose Bitcoin over gold to hedge dollar risk and inflation.

Recently, JPMorgan’s analysts also pointed out that institutional investors are moving from gold exchange-traded funds (ETFs) to bitcoin via Grayscale Bitcoin Trust (GBTC)./Reuters

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria