Bitcoin's 'Parabolic Rally': $BTC Price Breaks $19K, Now 4% From All-Time High
Bitcoin’s “parabolic rally” continued on Tuesday (November 24), taking the BTC above the $19,000 level for the first time since 19 December 2017.
According to data from CryptoCompare, around 10:00 UTC on Tuesday (November 24), the Bitcoin price surged past $19,000 on its way to an intraday high of $19,095.
The last time Bitcoin was trading at this level was on 19 December 2017. During Bitcoin’s impressive bull run, which started on October 1, the BTC price from gone from $10,779 to $19,135 (where it is trading as of 12:25 UTC on November 24), i.e. a gain of 77.52% vs USD in just 55 days. Furthermore, since the start of 2020, BTC-USD is up 163.44%.
The Bitcoin price is now just 3.84% from the all-time high (ATH), which was reached on 17 December 2017, which is probably why many Bitcoin HODlers would not be surprised if Bitcoin sets a new ATH today:
Featured Image by “SnapLaunch” via Pixabay.com
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