Bitcoin hits $20,000 for the first time ever

It took a while, but it finally happened: One bitcoin is currently worth more than $20,000.

The number has a special significance for proponents of the cryptocurrency. On Dec. 17, 2017, after a period of intense growth, Bitcoin came within spitting range of $20,000 per bitcoin, only to crash down hard in the next couple of days, triggering a multi-year bear run that saw the price go as low as $3,200.

Bitcoin came close again a few times this November and December, but the price stopped short of $20,000, followed by some very intense drops.

Now, however, there was no stopping Bitcoin. Fueled by a string of good news — read our overview of the events that led to this bull run here — the price rise was unstoppable. Read more...

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