Bitcoin price hits a new all-time high of $ 19865

Bitcoin price hits a new all-time high of $ 19865

During a rapid recovery on November 30, the bitcoin rate rose to the highest rate in the entire history of the existence of the first cryptocurrency.

On Monday, the price of BTC rose from $ 18,250 to a record $ 19,865, and then quickly fell to $ 19,500. After a slight pullback, the bulls tried to repeat the success several times, but they could not raise the rate above $ 19,750. At press time, bitcoin is trading at $ 19,521 with a 5.6% daily gain.

Experts believe that the achievement of the all-time high is due to the high activity of retail investors, although the initial bullish momentum came from the big players. They also note a significant inflow of assets to the trading accounts of crypto-exchanges after the BTC rate fell to $ 16,400 as a result of the correction.

In addition, a positive impact on the cryptocurrency market as a whole has a high interest in Ether derivatives (ETH), which is still well below its all-time high of $ 1,432.

According to forecasts of leading analysts, by the end of the year, bitcoin should have time to rise above $ 20 thousand.

, Shutterstock, chart: TradingView

Bitcoin price hits a new all-time high of $ 19865

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