Bitcoin is on a record run, surging past $18,000 — here’s why the cryptocurrency is booming again

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Bitcoin has bounced back from its lowest point in March at $4,900 and has already crossed $18,000.
Bitcoin is trading at a three-year high, and the cryptocurrency is inching closer towards the all-time high of $20,000.
Experts believe this time around the growth will be sustainable and is here to stay.
AdvertisementBitcoin, everyone’s favourite cryptocurrency, is not only out of the woods, but is witnessing a bull run. Bitcoin has bounced back from its lowest point in March at $4,900 and has already crossed $18,000 – its highest since December 2017. It is inching closer towards the all-time high of $20,000.
Bitcoin prices in 2020 have been rising for 112 days, making it the first time in history it has achieved this. The 12-year old cryptocurrency has seen euphoric highs and biggest crashes but experts believe this time around the growth will be sustainable and is here to stay.
“This time there are more genuine reasons for the price increase like American hedge funds adding crypto assets to their balance sheet, PayPal allowing access to its millions of customers to buy and sell cryptos followed by an announcement from DBS bank that they will soon start providing trading services for crypto to their clients. It looks like the growth …

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