Bitcoin breaks $123,000 price record
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When Bitcoin broke into the public consciousness in 2013, the idea behind it quickly captured people’s imagination: a digital currency for instant, anonymous payments that dispenses with the need for a bank.
Bitcoin, once imagined as a peer-to-peer payment system, is now behaving more like digital gold: a long-term store of value rather than a medium of exchange. For many investors, it’s a hedge, something to hold, not spend.
Bitcoin vaulted past $120,000 for the first time on Monday, the latest milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week, which has been dubbed "crypto week" by U.
6don MSN
Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.
3don MSN
Key Points Bitcoin just hit a new all-time high of $120,000, primarily on the basis of rising institutional demand.New crypto-friendly policies from the Trump administration are also helping to power Bitcoin higher.