{"id":13565,"date":"2020-12-17T05:43:47","date_gmt":"2020-12-17T05:43:47","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=13565"},"modified":"2020-12-17T08:09:11","modified_gmt":"2020-12-17T08:09:11","slug":"news-commentary-1243-bitcoin-all-time-high-reached-in-2020","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=13565","title":{"rendered":"News Commentary #1,243 &#8211;  Bitcoin | All Time High Reached in 2020.."},"content":{"rendered":"<p><span class=\"VIiyi\" lang=\"en\"><span class=\"JLqJ4b\" data-language-for-alternatives=\"en\" data-language-to-translate-into=\"ru\" data-phrase-index=\"0\">Just a couple of days ago, we published news about a new possible FOMO in the cryptocurrency market and bitcoin in particular &#8230; And then the day came when bitcoin showed a new leap and a new record level. I&#8217;m sure most investors are following this and already know the price charts. <\/span><\/span><\/p>\n<p><span class=\"VIiyi\" lang=\"en\"><span class=\"JLqJ4b\" data-language-for-alternatives=\"en\" data-language-to-translate-into=\"ru\" data-phrase-index=\"0\">Since the HYIPs market is inextricably linked with the cryptocurrency market, we need to keep an eye on important news from both. When the bitcoin price goes up, some investors prefer not to spend anything and not to risk &#8230; others, on the contrary, see this as an opportunity to enter any program with fewer coins and start acting &#8230; which group each of you belongs to &#8211; <strong>Always Decide for Yourself<\/strong> .. <\/span><\/span><\/p>\n<p><span class=\"VIiyi\" lang=\"en\"><span class=\"JLqJ4b\" data-language-for-alternatives=\"en\" data-language-to-translate-into=\"ru\" data-phrase-index=\"0\">And now to the news:<\/span><\/span><\/p>\n<blockquote>\n<h3 class=\"mvp-post-title left entry-title\">Bitcoin Price hits new ATH of $20.8K, here are some factors responsible for BTC surge<\/h3>\n<p>Today, the Bitcoin price surges almost 6% and made its new all-time high of $20,836.54 USD as per CoinMarketCap.<\/p>\n<p>At press time Bitcoin was trading at $20,598.53 USD up 6.31% from last 24h. This year only BTC surges almost 400% with low of around $3600 in March during Coronavirus pandemic. This surge is Bitcoin price is due to interest shown by institutional investors in cryptocurrency.<\/p>\n<p>Recently JP Morgan have supported the latest $100 million of Bitcoin investment by MassMutual.\u00a0MassMutual buys $100 million worth of Bitcoin through NYDIG\u00a0which is New York-based fund management company.<\/p>\n<p>\u201cMassMutual\u2019s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual\u2019s example.\u201d<\/p>\n<p>PayPal\u00a0now also allows its eligible users to purchase Bitcoin through its platform. These are the factors responsible for recently price surge in Bitcoin.<\/p>\n<p>Also the payment company,\u00a0Square reveals on 7 October 2020 that it bought around 4,709 bitcoins, worth $50 million.<\/p>\n<p>The company claims \u201cSquare believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company\u2019s purpose.\u201d<\/p>\n<p>Previously the rally in Bitcoin was seen in 2017 when it created a all-time high of close to $20,000 USD by mid December. After that the cryptocurrency market crashed and the price of Bitcoin reached to as low of $3600 in March 2020.<\/p>\n<p>Many analysts forecasted that time that the price of BTC will be zero in the upcoming years, but that not happened.<\/p>\n<p>Currently the dominance of BTC is 64.1% in the whole cryptocurrency market. At press time the 24h trading volume and market capitalization of Bitcoin is $38,919,465,551 USD and $382,244,860,053 USD.<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/OBQdNK9RAyQ\" width=\"530\" height=\"300\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions &#8211; <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/emilynews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN &#8211; please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just a couple of days ago, we published news about a new possible FOMO in the cryptocurrency market and bitcoin in particular &#8230; And then the day came when bitcoin showed a new leap and &hellip; <a title=\"News Commentary #1,243 &#8211;  Bitcoin | All Time High Reached in 2020..\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=13565\"><span class=\"screen-reader-text\">News Commentary #1,243 &#8211;  Bitcoin | All Time High Reached in 2020..<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[139,4288,3545,1874,2189,3544,4331,3669,287,3546,3547,4893],"class_list":["post-13565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitcoin","tag-bitcoin-crypto-asset","tag-bitcoin-info","tag-bitcoin-insights","tag-bitcoin-investment","tag-bitcoin-news","tag-bitcoin-price-prediction","tag-bitcoin-price-update","tag-bitcoin-split","tag-bitcoin-update","tag-bitcoin-updates","tag-bitcoin-vs-banks","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,243 - Bitcoin | All Time High Reached in 2020.. - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=13565\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,243 - Bitcoin | All Time High Reached in 2020.. - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Just a couple of days ago, we published news about a new possible FOMO in the cryptocurrency market and bitcoin in particular &#8230; 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