Home Bitcoin NewsBitCoin Forex Bitcoin over $19,000! Ethereum and Litecoin record fresh 2020 highs – ForexLive

Bitcoin over $19,000! Ethereum and Litecoin record fresh 2020 highs – ForexLive

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New highs for cryptocurrencies

PB
Ethereum and Litecoin
prices peaked at new highs as public interest in cryptocurrencies
continues to soar.
These digital coins
joined Bitcoin’s surge towards $19,000 in the recent strong trends.

Ethereum hit $623 this
week. It’s up by a massive 384% since the beginning of the year. The uptrend is
impressive, but it’s still far from the all-time high of $1500 in January 2018.
Ethereum is the world’s second-largest cryptocurrency next to Bitcoin. Litecoin
also doubled in value this month alone and peaked today at $90, a fresh 2020
high with a 117% YTD gain.

According to analysts,
the crypto surges are due mainly to the strengthening status of Bitcoin as an
inflation hedge. Bitcoin, the known king of crypto, is up by 160% this year to
date. It’s trading at $19,285 as of writing and is a thread line away from the
all-time high of $19,667 last 2017.

PB2Bitcoin nears all-time high at $19,667, PrimeBit WebTrader

Ethereum holds an
approximate $68 billion in market cap, while Litecoin represents $5.8 billion.
Bitcoin’s market cap reached $354 billion this week!

According to Michael
Sonnenshein, Managing Director at Grayscale Investments and a Bitcoin
specialist, the crypto asset is a major key to the evolution of money.
“Investors like the fact they can buy a fraction of the coin and add to their
position over time,” he added.

Popular crypto
derivative platforms like PrimeBit
makes it possible for traders to profit from the surging prices of the top
cryptocurrencies – Bitcoin, Ethereum, and Litecoin -even without owning them.

Crypto contracts allow
traders and investors to profit both from rising and falling crypto prices, and
with leverage, you won’t need a huge sum of money to start trading.

PB3Ethereum surges with 384% YTD gain, PrimeBit
WebTrader

Bernard Meyer, a
CyberNews.com Senior Researcher, says the pandemic has played a part in the
increased interest in cryptocurrencies. As quarantines are still in place in many
parts of the world, people spend more time online and become aware of
cryptocurrencies.

Want to profit from the
surging prices of Bitcoin and altcoins? Trade crypto contracts at PrimeBit. It
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This article was submitted by PrimeBit.
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