News Bitcoin Hits $25,000 on Christmas Eve

Margo

Margo

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Bitcoin Hits $25,000 on Christmas Eve
Bitcoin price hit $25,000 in the middle of a hectic trading day in Asia, on December 26. After seting a new all-time high of $25,914.46 Saturday morning, the price has dropped a little. At the time of writing, Bitcoin is trading at $25,725. Many experts say that the current bull run looks much healthier and more stable, that the one in 2017. It appears this bull run is caused by massive institutional investments and mainstream adoption of bitcoin amid the ongoing pandemic. The institutional investment into the leading cryptocurrency has played a significant role in the recent bitcoin rally. Insurance giant MassMutual purchased $100 million of Bitcoin this month. Several billionaires and big institutions have shown interest in bitcoin.

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