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In the last 24 hours, The price of Bitcoin (BTC) surged more than 10%, breaking above the USD 15,000 level for the first time since January 2018 and reaching a new annual high of USD 15,750.
Cointelegraph Markets data proves this The BTC / USD pair briefly climbed to $ 15,750 before falling to $ 15,500. According to the cryptocurrency analytics platform Messari, Bitcoin has now past more than 20 days above the $ 15,000 barrier and 19 days above $ 15,109. This represents approximately 0.4% of the cryptoasset’s life since it was created in 2009.
“People will never say that Bitcoin is dead again”, She said Grayscale CEO, Barry Silbert, in response to the recent price movement.
Bitcoin’s bullish behavior comes among the latest news that The US Department of Justice will seize more than $ 1 billion worth of Bitcoin from an unknown hacker who managed to gain access to a Silk Road wallet.
Cointelegraph reported this on Wednesday an anonymous cryptocurrency user moved more than 69,370 BTC, about $ 1.08 billion at the current market price, marking the first time anyone has moved assets associated with the darknet market since mid-2015.
At the time of writing this article, US presidential candidate Joe Biden is only six electoral votes from victory, and officials continue to count votes in Georgia, Pennsylvania, North Carolina, Arizona and Nevada. Many industry insiders predict continued volatility in cryptocurrencies and the stock market until a winner is determined.
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