The bitcoin price is still half of its all-time high set in late 2017 and significantly down on 2019's high of around $13,000 but bitcoin bulls appear to be back in control and have put Wall Street on notice. The bitcoin price has soared so far this year, adding around 30% and putting bitcoin on course for a ... [+] good 2020. The bitcoin price has more than doubled over the last month but bitcoin remains far from its 2019 ... [+] highs. CoinbaseIn other major bitcoin developments this year, Bakkt, a New York Stock Exchange-owner backed bitcoin and cryptocurrency venture, is planning to launch a consumer app for cryptocurrency purchases in 2020. Elsewhere, bitcoin bulls have cheered the news cryptocurrency asset manager Grayscale recorded inflows of $600 million last year, signalling institutional money has finally arrived in bitcoin.

Source: Forbes January 19, 2020 10:18 UTC