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Bitcoin on longest winning run since 2019 after hitting record
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Bitcoin on longest winning run since 2019 after hitting record
Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo.
(AFP)
. Updated: 28 Dec 2020, 10:56 AM IST Bloomberg
The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance
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Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.
The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg. The run of outsized returns over October, November and December so far is the longest such stretch since mid-2019.
Synopsis
The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg.
Agencies
Bitcoin climbed as much as 3.6 per cent on Monday and was trading at about $27,100 as of 7:07 a.m. in London.
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By Eric Lam
Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.
The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg. The run of outsized returns over October, November and December so far is the longest such stretch since mid-2019.
Bitcoin on Longest Winning Run Since 2019 After Topping $28,000
Bloomberg 12/28/2020 Eric Lam
(Bloomberg) Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.
The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg. The run of outsize returns over October, November and December so far is the longest such stretch since mid-2019.
“My sense is we’re very close to a top we could hit $30,000 though,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore. “We should definitely see a pullback, but the magnitude is probably lesser. We might only see 10% to 15% drops.”
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