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bitcoin price: Bitcoin touches $29,000 for another high in banner year

By Eric Lam Bitcoin vaulted above $29,000 to reach yet another record level on the last day of 2020, showing no signs of slowing down its torrid December rally. The largest cryptocurrency climbed to as high as $29,292 before pulling back slightly to trade at $28,972 as of 11:30 a.m. in Hong Kong Thursday. It has advanced almost 50 per cent in December, on track for its biggest monthly gain since May 2019. Bloomberg “Key to this rally is that it has been sustained over several weeks,” said Matt Long, head of distribution and prime products with crypto brokerage OSL in Hong Kong. “If we do see a break to the downside, it will be instructive on the direction of first-quarter flows whether we see institutions continue to buy on a potential dip.”

Hong kongMatt longVijay ayyarExchange commissionRipple labs incBloomberg galaxy crypto indexRipple labsஹாங் காங்மேட் நீண்டதுவிஜய் அய்யார்பரிமாற்றம் தரகுசிற்றலை ஆய்வகங்கள் இன்க்ப்ளூம்பெர்க் விண்மீன் கிரிப்டோ குறியீட்டுசிற்றலை ஆய்வகங்கள்

Bitcoin touches $29,000 for another high in banner year

Bitcoin touches $29,000 for another high in banner year
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Hong kongBloomberg galaxy crypto indexஹாங் காங்ப்ளூம்பெர்க் விண்மீன் கிரிப்டோ குறியீட்டு

Bitcoin poised to charge past $30,000

Bitcoin poised to charge past $30,000 Issac John/Dubai File photo To date the digital currency has risen more than 300 per cent The price of bitcoin, after crossing $29,000 Wednesday evening for the first time ever, is on track to charge past $30,000 as investors welcome the new year. Following a record-setting run over the weekend, the leading cryptocurrency resumed its dizzying spiral after seemingly catching its breath on Monday and most of Tuesday, crypto analysts said. To date this year, the digital currency has risen more than 300 per cent. Bitcoin prices hit a high of $29,280.05 before dropping back to $29,231.01, up 5.28 per cent in the last 24 hours.

City ofUnited kingdomPaolo ardoinoDonald trumpDenis vinokourovExchange commissionRipple labs incBrokerage bequantBloomberg galaxy crypto indexRipple labsநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்டொனால்ட் துருப்புபரிமாற்றம் தரகுசிற்றலை ஆய்வகங்கள் இன்க்ப்ளூம்பெர்க் விண்மீன் கிரிப்டோ குறியீட்டு

Bitcoin touches $29 000 for another high in banner year

MONEYWEB LIVESTREAM Largest crypto on track for strongest month since May 2019. By Eric Lam, Bloomberg 31 Dec 2020 09:07 Image: Shutterstock Bitcoin vaulted above $29 000 to reach yet another record level on the last day of 2020, showing no signs of slowing down its torrid December rally. The largest cryptocurrency climbed to as high as $29 292 before pulling back slightly to trade at $28,972 as of 11:30 a.m. in Hong Kong Thursday. It has advanced almost 50% in December, on track for its biggest monthly gain since May 2019. âKey to this rally is that it has been sustained over several weeks,â said Matt Long, head of distribution and prime products with crypto brokerage OSL in Hong Kong. âIf we do see a break to the downside, it will be instructive on the direction of first-quarter flows whether we see institutions continue to buy on a potential dip.â

Hong kongMatt longVijay ayyarExchange commissionBloomberg galaxy crypto indexRipple labsஹாங் காங்மேட் நீண்டதுவிஜய் அய்யார்பரிமாற்றம் தரகுப்ளூம்பெர்க் விண்மீன் கிரிப்டோ குறியீட்டுசிற்றலை ஆய்வகங்கள்

Bitcoin hits another high at $29,000, value quadruples in 2020

Bitcoin vaulted above $29,000 to reach yet another record level on the last day of 2020, showing no signs of slowing down its torrid December rally. The largest cryptocurrency climbed to as high as $29,292 before pulling back slightly to trade at $28,972 as of 11.30 am in Hong Kong on Thursday. It has advanced almost 50 per cent in December, on track for its biggest monthly gain since May 2019. “Key to this rally is that it has been sustained over several weeks,” said Matt Long, head of distribution and prime products with crypto brokerage OSL in Hong Kong. “If we do see a break to the downside, it will be instructive on the direction of first-quarter flows whether we see institutions continue to buy on a potential dip.” Bitcoin has now quadrupled in value this year amid the global coronavirus pandemic, while the wider Bloomberg Galaxy Crypto Index tracking the largest digital currencies is up about 280 per cent as rival coins such as Ether have also rallied.

Hong kongMatt longVijay ayyarBloomberg galaxy crypto indexஹாங் காங்மேட் நீண்டதுவிஜய் அய்யார்ப்ளூம்பெர்க் விண்மீன் கிரிப்டோ குறியீட்டு