Cryptocurrencies
Bitcoin Advances Above $18,000 as It Retraces Record 2017 Surge
- Wider institutional acceptance catapults coin up 150% in 2020
- Advocates now have their eyes on all-time-high of $20,000
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Bitcoin advanced for a third session on Wednesday, edging closer to its record highs of 2017 that spurred a global mania among investors and resulted in a violent crash.
The controversial digital asset -- originally promoted as an alternative to national currencies such as the dollar -- broke above $18,000 and then fell more than 6%, before recovering to about $18,150 at 11:19 a.m. in London. It outperformed most of its 10 biggest rivals.