Bitcoin's price has remained steady,for months but it moved above the $10,000 mark on Sunday for the first time since June. It still remains some way off its December 2017 high of $19,166.<\/p>\n
Coindesk, the cryptocurrency trading app, reported that the expectation of Bitcoin returning to that high has improved in recent months, with the probability of it breaching $20,000 before the end of the year placed at 7pc.<\/p>\n
Joe DiPasquale, chief executive of cryptocurrency investor BitBull,said that there were significant changes in the way institutional investors viewed Bitcoin since March.<\/p>\n
Now that institutions have moved into Bitcoin in 2020, the price has shown more support over the last couple of months, Mr DiPasquale said in an interview with Forbes.<\/p>\n
We will not see a repeat of the March crash, but bitcoin will still remain somewhat more volatile than equities.\"<\/p>\n
Crypto trading is becoming increasingly commonplace among investors with fintechs like Revolut offering the option for customers to buy into the currency.<\/p>\n
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The rest is here: <\/p>\n
Bitcoin surges past 8,400 as investors look for 'safe haven' - The Telegraph<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin's price has remained steady,for months but it moved above the $10,000 mark on Sunday for the first time since June. It still remains some way off its December 2017 high of $19,166. Continue reading