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Bitcoin price hit a new annual high of $ 15,750

November 6, 2020

In the last 24 hours The price of Bitcoin (BTC) rose by more than 10%, surpassing the USD 15,000 level for the first time since January 2018, and reaching a new annual high of USD 15,750.

The data from Cointelegraph Markets shows this The BTC / USD pair briefly rose to $ 15,750 before falling to $ 15,500. According to the cryptocurrency analysis platform Messari, Bitcoin has now past more than 20 days above $ 15,000 and 19 days above $ 15,109. This corresponds to approximately 0.4% of the life of the crypto-asset since it was created in 2009.

Daily chart of the BTC / USD pair. Source: Messari

“People will never say Bitcoin is dead again,” said the CEO of Grayscale, Barry Silbert, in response to recent price action.

Bitcoin price hit a new annual high of $ 15,750
Bitcoin price hit a new annual high of $ 15,750

Bitcoin’s bullish behavior is found amid the latest news The U.S. Department of Justice is set to seize more than $ 1 billion in Bitcoin from an unknown hacker who managed to access a wallet for the Silk Road.

Cointelegraph reported Wednesday that An anonymous cryptocurrency user moved more than 69,370 BTC, approximately $ 1.08 billion at the current market price. This is the first time since mid-2015 that anyone has moved assets related to the darknet market.

At the time of this writing US presidential candidate Joe Biden is only six votes away from victory. and officials continue to count votes in Georgia, Pennsylvania, North Carolina, Arizona, and Nevada. Many industry experts predict continued volatility in cryptocurrencies and the stock market until a winner is identified.