Bitcoin Hits $17K After Three Years; “Greatest Parabolic Advance” Ahead?

Bitcoin Hits $17K After Three Years; “Greatest Parabolic Advance” Ahead?


Bitcoin has breached $17,000 for the first time in the last three years.

The flagship cryptocurrency hit $17,100 ahead of the New York opening bell Tuesday, forming another upward leg in a rally that has already ballooned by 58 percent in the fourth quarter. Meanwhile, its market cap closed towards $315 billion, just $20 billion away from its all-time high established in December 2017.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

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Bitcoin reaches $17,000 in a relentless upside rally. Source: BTCUSD on TradingView.com Bitcoin reaches $17,000 in a relentless upside rally. Source: BTCUSD on TradingView.com

Since March 2020, when its price crashed to the yearly low of $3,858 amid a global market rout, Bitcoin has surged by more than 350 percent. On a year-to-date timeframe, it is up 136 percent.

Bitcoin’s latest

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