Bitcoin above $ 17 thousand .. Will it regain its record level?


Cryptocurrency Bitcoin jumped above $ 17,000 on Tuesday, touching its highest level in more than two years, as investors attributed the gains to the belief that they had anti-inflationary benefits and expectations that they would gain wider acceptance.
Bitcoin, the first and largest cryptocurrency, jumped 4.5% to $ 17,479, its highest level since January 2018.
Bitcoin’s gain this year has reached more than 130% and is now more than four times higher than its levels in March.
Bitcoin hit an all-time high of $ 19,666 in December 2017 due to a frenzied buying spree fueled by retail investors.
“Demand for products that are more diversified, stable and have less risk, is evidence that the rally is being driven largely by sophisticated players that use them to hedge the downside of underlying holdings,” said Denis Vinokurov, head of research at Bequant, a London-based digital asset company. , Instead of the pump, and dumping the trades 100 times that we saw three years ago.
He added, “Bitcoin may head over $ 20,000 … and its gains this year come on the heels of a wider embrace of Wall Street pillars, including Fidelity Investment, which launched the Bitcoin fund over the summer.”
PayPal said in October that it would allow customers to access cryptocurrencies, prompting bets that more people could start using digital tokens.


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