Over the past 24 hours, the Bitcoin (BTC) price has increased by more than 10%, breaching a $ 15,000 handling level for the first time since January 2018 and hitting a new 2020 high of $ 15,950.
Data from Cointelegraph Markets shows that the BTC / USD pair rallied rapidly to $ 15,950 before falling to $ 15,500. According to crypto analytics platform Messari, Bitcoin has now spent more than 20 days above the $ 15,000 threshold and 19 days above $ 15,109. This represents about 0.4% of the crypto asset’s lifecycle since it was created in 2009.
“People will never say that Bitcoin is dead,”; Grayscale CEO Barry Silbert said ahead of recent price movements.
Bitcoin’s bullish behavior comes amid hot news that the US Justice Department will seize more than $ 1 billion in Bitcoin from an anonymous hacker who compromised the Silk Road wallet.
Cointelegraph reported on Wednesday that anonymous crypto users transferred more than 69,370 BTC – about $ 1.08 billion at current prices – marking this as the first time someone has transferred an asset-related asset. darknet school since 2015.
At the time of writing, US presidential candidate Joe Biden is six more than six electoral votes, with officials continuing to count votes in Georgia, Pennsylvania, North Carolina, Arizona and Nevada. Many industry experts are predicting the continued volatility between the cryptocurrency and the stock market until the winner is determined.