Categories: InfoSec News Trending

Bitcoin reaches highest value since 2017 $18.5k

Published by
RiSec.n0tst3

21/11/20

Bitcoin’s resurgence is being felt throughout the cryptocurrency and finance industries. It’s anyone’s guess as to where the cryptocurrency is heading next. It’s a lot like riding a roller coaster – you don’t really know what’s going to happen, you just hang on for the ride.

After hitting an all-time high of around $19,700 per in late 2017, the price of a single Bitcoin dipped sharply before bottoming out around $3,200 in December 2018.

The volatile cryptocurrency got hot again over the summer and after riding a few peaks and valleys, it’s been mostly full steam ahead ever since. As of this writing, Bitcoin is trading just north of $18,600 and seems on pace to make a serious attempt at topping its all-time high value.

One study about Bitcoin’s 2017 run claimed it may have been the result of market manipulation. It’s worth noting, no real evidence ever surfaced.


Cryptocurrencies, and Bitcoin specifically, have benefited from recent interest in investment and financial services companies.

Business intelligence firm MicroStrategy bought an additional $175 million in Bitcoin back in September. In October, Square announced it was investing $50 million (around one percent of its total assets) in Bitcoin, saying it viewed the cryptocurrency as an instrument of economic empowerment. Just last week, PayPal started letting users in the US buy, hold and sell four specific cryptocurrencies, including Bitcoin.

Bookmark
Please login to bookmark Close
Social Comments Box
Connect
Share the word, let's increase Cybersecurity Awareness as we know it

RiSec.n0tst3

Hello! I'm Steve, an independent security researcher, and analyst from Scotland, UK. I've had an avid interest in Computers, Technology and Security since my early teens. 20 years on, and, it's a whole lot more complicated... I've assisted Governments, Individuals and Organizations throughout the world. Including; US DOJ, NHS UK, GOV UK. I'll often reblog infosec-related articles that I find interesting. On the RiSec website, You'll also find a variety of write-ups, tutorials and much more!

Leave a Comment
Published by
RiSec.n0tst3
Tags: 18.5k 19k 2020 bitcoin cryptocurrency highest value November price rocket since 2017 steady surge

Recent Posts

  • Data Breach News
  • InfoSec News

WH Smith Announces Cyber-Attack: Employee Data Stolen

British high street chain WH Smith has recently revealed that it was hit by a…

2 years ago
  • InfoSec News
  • World Affairs

Voice ID: How Secure is it Really?

As banks worldwide roll out Voice ID as a means of user authentication over the…

2 years ago
  • Cybersecurity Academy
  • InfoSec News

What distinguishes Application Security from API Security?

In the era of digital transformation, cybersecurity has become a major concern for businesses. When…

2 years ago
  • Cybersecurity Academy
  • InfoSec News

The Top 5 Cybersecurity threats facing Businesses Today

In today's digital age, cybersecurity threats have become a significant concern for businesses of all…

2 years ago
  • InfoSec News
  • World Affairs

Enterprise users infected by RIG Exploit Kit thanks to Internet Explorer

The RIG Exploit Kit is currently in the midst of its most productive phase, attempting…

2 years ago
  • Cybersecurity Academy

The Rise and Rise of AI

One of the most transformational technologies of our time, artificial intelligence (AI), has quickly come…

2 years ago