Bitcoin price hits $ 19,000 for the first time since December 2017

  • Bitcoin remained a few percent to a historic high

  • Capitalization of the asset grew to $ 351 billion

  • The entire virtual currency market followed bitcoin into the green zone

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The largest cryptocurrency in terms of capitalization has overcome the level of $ 19,000, which it has repeatedly tried to take over the past week

On Tuesday, November 24, Bitcoin managed to break the $ 19,000 threshold for the first time since December 2017. On moment of writing the highest rate seen on the ByBit exchange ($ 19 125).

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The last time a cryptocurrency was at such peaks was back in December 19, 2017, when the leading asset reached its all-time high. Bitcoin market capitalization rises to $ 351 billion.

Bitcoin price reached $ 19 ...

Together with Bitcoin, almost the entire digital asset market went to the rally.

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Overcoming the $ 19,000 threshold comes amid an influx of more and more institutional investors.

Bitcoin price reached $ 19 ...

According to Brett Tejpole, head of institutional sales at Coinbase, institutional investment in bitcoin has increased 3.5 times this year and exceeds $ 20 billion.At the same time, over $ 14 billion was deposited on the exchange in April this year, in the midst of the financial crisis. caused by the coronavirus pandemic and the Russian-Saudi price war.

Bitcoin price is on the cusp of an important resistance area of ​​$ 19,645, in the area of ​​which there is a record high recorded by Bitcoin in December 2017.

Bitcoin price reached $ 19 ...

What pitfalls cryptocurrency can expect on the way to a record rate – read in a special material from BeInCrypto.

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