Author: surging News reporter Ye Ying charge
After breaking through the historical high, Bitcoin broke through the 20,000 USD mark and hit a new record high.
On the evening of December 16, Bitcoin topped $20,000 for the first time. According to the price of Coindesk, the Bitcoin news information network, as of press time, the price of Bitcoin is approximately US$20,234, an increase of 4.16% within 24 hours, and the transaction volume of Bitcoin within 24 hours is US$25.11 billion, with a market value of US$375.48 billion.
Current Bitcoin price on Coindesk
In addition, according to the contract statistics report, in the past 1 hour, the entire Bitcoin network has liquidated a total of 106 million U.S. dollars, and the entire Bitcoin network has liquidated 199 million U.S. dollars in 24 hours.
On November 30th, the price of Bitcoin exceeded Coindesk’s all-time high of $19,665. In the following one and a half months, Bitcoin was approaching the $20,000 mark several times, but it pulled back several times when it hit the door, and even fell to $18,000. In one fell swoop, it was only today that it broke through $20,000.
In response to Bitcoin’s breakthrough of a new high of 20,000, Daisy, a senior analyst at Huobi Research Institute, said: From a fundamental point of view, the halving effect of the long-term reduction in the supply of Bitcoin after the Bitcoin halving and the continued increase in the holdings of compliance agencies have not weakened . In addition, the recent global epidemic is showing signs of recovery. Vaccine supply is still unable to meet demand. The US stimulus bill may be introduced again, and the dollar index continues to fall close to the low point of 2018. The market’s demand for assets that can effectively counter inflation expectations in the US dollar has further increased. Therefore, the medium and long-term demand for Bitcoin has not weakened, but has strengthened.
According to Bloomberg News, according to a survey conducted by Bank of America between December 4 and December 10, about 15% of fund managers said that Bitcoin is currently the third most crowded transaction, second only to long technology stocks. And short the dollar. These fund managers manage $534 billion in assets.
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