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Bitcoin on Longest Winning Run Since 2019 After Topping $28,000

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.”

Bitcoin on longest winning run since 2019 after record

(Dec 28): Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above US$28,000 over the weekend. The largest cryptocurrency reached an all-time high of US$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. “My sense is we’re very close to a top we could hit US$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.”

Bitcoin on longest winning run since last year after hitting $28,000 record

December 29, 2020 | 12:01 am Font Size AAA 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. “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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