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Bitcoin touches US$29,000 for another record high in a banner year

Cryptocurrency

Bitcoin touches US$29,000 for another record high in a banner year

Bloomberg Published on Thu, Dec 31, 2020 / 7:21 PM GMT+8

Bitcoin vaulted above US$29,000 ($38,403.20) to reach yet another record level on the last day of 2020, in a fitting end to a groundbreaking year for the world’s largest digital currency.

The cryptocurrency climbed to as high as US$29,292 before pulling back slightly to trade at US$29,023 as of 9:54 a.m. in London Thursday. It has advanced almost 50% in December, on track for its biggest monthly gain since May 2019.