Above $19,800: Bitcoin Price Hits Record High
The previous record was set in 2017.
During trading on November 30, the price of bitcoin reached $19,808, exceeding its all-time high, Reuters reports. The previous record was set on December 18, 2017, at $19,783.
The price of bitcoin has risen 170% over the past year due to broad interest in risky assets and investors' hopes that cryptocurrencies will soon become a commonly accepted means of payment.
In 2017, bitcoin's price rose about 20-fold over the year, but then began to fall rapidly. In June 2018, bitcoin was worth just over $6,000, and in early 2019 it was $3,500. Later, the cryptocurrency began to rise in price again.
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