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Bitcoin Hits $16K For a New 2020 Record: 325% Up Since March Yearly Low

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  • Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark.
  • With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced.
  • It’s worth noting that this is another yearly high.
  • It’s also interesting to see how high can Bitcoin go during its current bull run. At the time of this writing, we are only 25% away from the previous all-time high of 2017.
Binance_16k
BTC/USDT, Binance. Source: Binance.
  • As CryptoPotato reported earlier today, the popular cryptocurrency exchange Kraken released their monthly report for October.
  • In it, they outlined that November has been very volatile month and that the price might start creeping up to its former all-time high.
  • So far, this seems to be the case.
  • Meanwhile, Bitcoin’s dominance seems to have increased during this latest rally, meaning that altcoins have failed to gain any further grounds.
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