Bitcoin rate exceeded $22 thousand for the first time in history.

Kataryna Habeliia December 16, 2020

www.bitxmi.com

Image for post
Image for post

Table of Contents

Bitcoin rate exceeded $20 thousand for the first time in history.

The cost of the first cryptocurrency has updated the maximum set in early December of this year. Over the past three months, it has grown by more than 100%

Image for post
Image for post

On Wednesday, December 16, the bitcoin rate on the BitXmi crypto exchange for the first time in history rose above $ 20 thousand.

Image for post
Image for post

The last wave of growth in the value of the asset began on December 11, from a local minimum of $ 17.5 thousand. For five days, Bitcoin has risen in price by 14%, since the beginning of September — by more than 100%.

What could affect the cryptocurrency rate?

Over the past week, two major companies have announced bitcoin investments. For example, the investment fund Ruffer with assets of $ 27 billion announced an investment of $ 15 million in the first cryptocurrency, the transaction took place in November. Also last week, the American company MassMutual, whose investment fund exceeds $ 235 million, acquired 5,470 bitcoins for $ 100 million.

The news that Banca Generali, owned by the largest Italian insurance company Assicurazioni Generali, would start working with cryptocurrency could also have a positive effect on the cryptocurrency rate. In 2021, the company will launch a service for storing digital money.

In December, another bank, the largest in Singapore, DBS, began working with cryptocurrency (Read here). He launched a service for storing digital assets and a platform for trading them. Service users will be able to buy and sell 4 coins: Bitcoin, Ethereum, Bitcoin Cash, and XRP.

One of the most important events in the cryptocurrency industry happened in the first half of November. Payment company PayPal announced the opening of access to cryptocurrencies for US customers. Since November 11, all American users of the service have been able to buy, hold, and sell cryptocurrency directly through PayPal.

How did the bitcoin rate affect altcoins?

Altcoins are also showing growth. At the time of publication, the price of Ethereum, the second-largest cryptocurrency by capitalization, approached $620.

Image for post
Image for post

Read new crypto forecasts and current crypto news every day at https://news.bitxmi.com/

Join Bitxmi Exchange

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi’s role is to inform the cryptocurrency and blockchain community about what’s going on in this space. Please do your own due diligence before making any investment. Bitxmi News won’t be responsible for any loss of funds.

Image for post
Image for post

Written by

🔗| Secure & Fast Crypto💰 Exchange🧮. ⚡| Low Trading & Withdrawal Fees. 🔥 |100+ Coins & 144+ Pairs.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store