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Bitcoin’s Gunning for a Record and No One’s Talking About It

  • Largest cryptocurrency is approaching highs set in late 2017
  • Digital asset mania dominated holiday discussions not long ago
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Three years ago, Bitcoin’s historic surge dominated Thanksgiving dinner conversations. This year, the cryptocurrency is in the midst of another notable rally and yet almost no one’s talking about it.

How fevered has Bitcoin’s latest leg higher been? With the coin trading around $16,800, it’s been more expensive in only five other instances in the past decade, Bloomberg data show. All of those came during the 1,375% surge in 2017 that saw it reach close to $20,000 before a spectacular plunge wiped out 70% over the next year. A cross above $17,000 would mark its fifth-highest closing price ever.