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Bitcoin Exceeded $19,000 First Time Since December 2017

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Bitcoin Exceeded $19,000

New Breakthrough: Bitcoin exceeded $19,000 first time since December 2017 

For the first time since mid-December 2017, the bitcoin rate exceeded $ 19,000. On Tuesday, November 24, the largest digital currency reached $ 19,283. Over the past 24 hours, BTC capitalization increased by 5% to $ 356.341 billion.

The strengthening of bitcoin is observed against the background of the weakening of the position of the US dollar in the global market, analysts say. The US currency index today fell to 92.3 points.

Bitcoin ExceededThe Santiment team notes that just eight months after the March collapse, BTC was able to make a historic breakthrough.

Analysts have no doubt Bitcoin will reach 20,000

Bitcoin Exceeded

Already a few analysts doubt that this year we will repeat the race three years ago. Moreover, the $ 20,000 mark can be taken before the beginning of December.

The massive capital inflow was the result of a shift in investor sentiment. The nervousness caused by the political struggle in the United States has passed, the results of the presidential elections are already known. Donald Trump began transferring power to Joe Biden.

Accordingly, the launch of a new incentive program is just around the corner. The next switching on of the printing press will inevitably lead to accelerated inflation and further depreciation of the dollar. This is exactly what analysts of investment companies and funds expect. Therefore, large players are already actively switching to bitcoin.

Gold has not yet gained any benefits from the current market situation. On the contrary, precious metals are getting cheaper this week. A troy ounce of gold fell in price to $ 1802 (-1.86%).

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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