LONDON (Reuters) – Bitcoin hit $19,000 on Tuesday for the primary time in practically three years, homing in on its all-time excessive of just below $20,000.
The world’s hottest cryptocurrency was final up 3.2% at $18,958. Bitcoin has gained practically 40% in November alone and is up round 160% this 12 months.
Fuelling its positive factors have been demand for risk-on belongings amid unprecedented fiscal and financial stimulus, starvation for belongings perceived as proof against inflation, and expectations that cryptocurrencies would win mainstream acceptance.
Graphic: Bitcoin breaks $19,000
Reporting by Saikat Chatterjee; Extra reporting by Tom Wilson; enhancing by Thyagaraju Adinarayan