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Bitcoin hits all-time peak of $20,800 for first time, gains over 170% this year

Shortpedia

Content Team
Image Credit: shortpedia

Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever, amid increased institutional and corporate interest. The cryptocurrency hit an all-time peak of $20,800 and was last up 6.4% at $20,675. It has gained more than 170% this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported resistance to inflation and expectations it will become a mainstream payment method.