Black Friday sales ended with a bang for Bitcoin, as the mainstream cryptocurrency climbed back up and regained value, after plummeting to lows of $16,500.
The shortage of Bitcoin supply is the cause of the recent price surge, and PayPal’s entry into the crypto space is having a huge impact on the BTC price.
The US dollar acted as a safe haven for investors, during the coronavirus pandemic; analysts believe that the rollout of a vaccine could change the market.
Bitcoin’s price has more than doubled in value since its third halving in May. Market experts think that Bitcoin will only rally higher due to four reasons.
Bitcoin made a new milestone, rallying to $16,835 recently, reaching its highest point since Jan. 7, 2018. Analysts believe Bitcoin's rally will continue...