Bitcoin on Wednesday jumped to a record $28,599.99, after the digital currency almost quadrupled in value this year amid heightened interest from bigger investors. “The supply side to the bitcoin market will remain tight,” said Jacob Skaaning of crypto hedge fund ARK36. The latest gains took bitcoin’s market capitalisation past $518 billion, according to industry website CoinMarketCap. Subscribe to Our Newsletter Subscribe to our newsletter and stay updated on the latest developments and special offers! Ethereum, the second biggest, was down 0.4 per cent, on track for a 2020 gain of around 465 per cent.

Source: Standard Digital December 30, 2020 12:00 UTC