Here’s how institutional investors ignited Bitcoin’s rally to $ 40,000
From the COVID-19 pandemic to large-scale money printing and social unrest, 2020 was a wild year. Along with a barrage of newsworthy events, (BTC) also became a standout year in the price category, eventually surging from $ 3,600 to over $ 41,950, topping its 2017 all-time high of $ 19,892. A series of events, both cryptographic and conventional, appeared as catalysts for Bitcoin’s price action. Several players in the crypto industry weighed in on the events they believe affected BTC’s price action the most in 2020. 1-week chart. Source: TradingViewBitcoin price appreciation as institutional investors chimed in. Source: TradingViewBitcoin price on Black Thursday. Source: TradingView Continue reading on Coin Telegraph
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