Bitcoin Soared Above $19,000
Bitcoin jumped above $19,000 on Tuesday for the first time since 2017 as Wall Street and Main Street rekindled their interest in cryptocurrencies and extended the digital token’s rally.
The world’s most popular cryptocurrency surged as much as 3.3% through the morning to an intraday high of $19,272.21. The gains brought Bitcoin just a hair below its all-time high of $19,783 reached in December 2017.
Digital currencies have garnered attention in recent weeks as companies and traditional investors accept their uses. Square bought $50 million worth it bitcoins in October, saying it sees potential for the token to become “a more ubiquitous currency.” Soon after, PayPal announced it would soon let its users buy and sell cryptocurrencies. The news pushedBitcoin above $13,000 and sparked speculation about whether the coin’s latest rally had the legs to bring it to new highs