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Bitcoin hits new record high of $28,500

by LLB Editor
30th Dec 20 11:50 am

Bitcoin has surged to a new all-time high today, bursting over $28,500 early this morning.

That’s a gain of over 5% today, and means bitcoin has jumped by 46% since the start of the month.

For 2020, it’s up almost 300%, among increased interest from institutional investors, and concerns about the inflationary impact of this year’s huge stimulus packages.

“Bitcoin has increasingly seen demand from larger US investors, in particular, attracted by its perceived inflation-hedging qualities and the potential for quick gains, as well as expectations it would become a mainstream payments method,” Reuters reported.

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