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Bitcoin rally: Amid crypto king's surge, Coinbase CEO warns frenzied investors of risk

Bitcoin rally: Amid crypto king's surge, Coinbase CEO warns frenzied investors of risk
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How the top 5 cryptocurrencies fared in 2020: Report


From Bitcoin to Ethereum: How top 5 cryptocurrencies fared in 2020
Various portals have different rankings for cryptocurrencies, but the top three remains Bitcoin, Ethereum and Ripple.
Bitcoin on Thursday hit an all-time high of $23,000. Similarly, reports suggest that other cryptocurrencies have also seen significant gains this year. Various portals have different rankings for cryptocurrencies, but the top three remains Bitcoin, Ethereum and Ripple. Let's take a look at how these major cryptocurrencies have fared this year.
Bitcoin ($426 billion):
Launched in 2009, Bitcoin is the largest and oldest cryptocurrency. It has soared from less than $50 in 2009 to almost $23,000 at present. That represents a CAGR of around 75% in 11 years. Bitcoin’s first big surge came in 2017 when it jumped from around $1,000 at the start of the year to just below $20,000 in December, a leap of 20 times in just a year. The cryptocurrency crashed the following year to around $3,200 by December 2018. However, investor skepticism with loose monetary policies of central banks in 2020 has led to a rebound, with bitcoin soaring back to its all-time high and breaking records, at around $23,000.

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Budget 2021: Cryptocurrency sector wants recognition, framing of rules, regulations

Budget 2021: Cryptocurrency sector wants recognition, framing of rules, regulations
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Bitcoin has doubled investor wealth in 2020 — and industry insiders say there's more to come


Bitcoin has doubled investor wealth in 2020 — and industry insiders say there's more to come
Bitcoin has doubled investor wealth in 2020 — and industry insiders say there's more to come
Rounak JainDec 18, 2020, 09:00 IST
Bitcoin has surged from $11,100 at the beginning of 2020 to blow past $22,000.Unsplash
Bitcoin has smashed past the $20,000 mark for the first time, doubling in value since the beginning of 2020.
Bitcoin has seen growing interest and participation from renowned global investors, including billionaire Alan Howard and insurance giant MassMutual.
Industry insiders believe there’s more to come in this bully rally in the cryptocurrency.
Payment giants Visa, MasterCard, and PayPal have also thrown their weight behind Bitcoin, leading to a boost in investor confidence.

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