RE: Bitcoin Hits New 2020 High
Bitcoin hits the new year’s high, price this morning is right @ $8,300 after hitting $8400.
Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack
“Bitcoin’s price has hit a new record for 2020, reaching as high as $8,438 before retracing slightly.
At 23:30 UTC on Jan. 7, the world’s largest cryptocurrency by market capitalization began a strong upward trend from $8,080 to above $8,400 before topping out at $8,438 in just over 40 minutes.
The move to fresh 2020 highs comes after Iranian missiles struck U.S. and coalition bases in Iraq, causing traders to reallocate capital into safe-haven assets such as gold and oil away from riskier assets.
Joshua Green, head of trading at Digital Asset Capital Management – a cryptocurrency trading firm said the BTC rally was a response to the unfolding events in Iraq.
‘You are also seeing oil and gold up strongly,’ Green said.”
Bitcoin being Bitcoin, price is now a little over $9K… It is funny watching the press changing their tune constantly in times such as this – one hour their lauding Bitcoin’s price and the next it is all doom and gloom…