Celebrity endorsements, exchange outages, rafts of new trading accounts -- Bitcoin mania is back.
In a flashback to the frenzied run-up to Thanksgiving 2017, retail traders are piling into cryptocurrencies and driving prices back toward all-time highs. The number of first-time buyers is on course to eclipse December 2017, EToro, an Israeli-British firm, said. Bitcoin trades per day are 81% greater than the rest of 2020 combined. Google searches for “coinbase,” the crypto exchange, reached the highest level in at least a year, according to Google Trends.
