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Bitcoin Pierces $19,000 for the First Time Since 2017

  • World’s largest digital coin has surged more than 160% in 2020
  • PayPal’s crypto embrace sparked Bitcoin’s rally above $13,000
Bloomberg business news
Bitcoin: What's Coming in the Year Ahead?
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Bitcoin surpassed $19,000 for the first time since 2017 as the mania over digital currencies continues to grip Wall Street.

Bitcoin climbed as much as 5.5% to trade at $19,438 before paring the advance. Prices are approaching the all-time high of $19,511, according to Bloomberg data, with many pointing to the wider acceptance of cryptocurrencies among traditional investors as the catalyst behind the surge.