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    Bitcoin Price Crosses $10,000 BTC/USD for First Time in 160 Days

    Bitcoin bull rushes past $10,000 BTC/USD, enjoying its first five figure exchange rate value in the past 160 days.

    Bitcoin begins its ascent in to the new 2020 decade soaring over $10,000 BTC/USD exchange rate value for the first time since September 22, 2019. The past 160 days saw bitcoin's price drop to as low as $6,500 on December 17th, the 4,000th day the bitcoin blockchain has been activated and running. It did flirt with 10K range back in October 25-27 but did not hold support but is now up nearly 50% in 2020 so far.

    Bitcoin started the 2020 calendar year just over $7,000 and is now already increased to over $10,000 just 38 days into the 20's decade. As the best performing asset of the 2010 decade, many are becoming bullish in sentiment towards the crypto market's potential to run before the third bitcoin halving event takes place in the middle of May 2020.

    The $10,000 BTC price point is considered a psychological turning point as the leading asset in the crypto market industry. It has been 801 days since Bitcoin first crossed $10,000 barrier for the first time ever when it did back on November 29, 2017 – of course going to $19,983 on December 17th 2017 before falling to $3,323 level by December 19, 2018 as the low point of the crypto bear market.

    A fresh reminder from a vocal Crypto Twitter contributor:

    The halving is just over 90 days out as the May 12, 2020 prediction date looms to take its blockchain mining rewards system output from 12.5 BTC to 6.75 BTC per every new block created on the BTC blockchain every ten minute cycle. The digital scarcity aspect will heighten as nearly 87% of all bitcoin's satoshis will have been mined in totality and the global demand for a peer to peer alternative will keep seeing more adoption in areas that need its crypto distributed ledger technology the most.

    While the bitcoin price predictions may range all over the place for 2020, many are watching for $12,500 range as the next level of interest if bitcoin can get its wings back.

    In a week that saw the Federal Reserve studying central bank digital currencies, over $1 billion in value locked away in decentralized finance, a new safe harbor notion, Gemini integrating TradingView, the lightning network payment railway getting $10 million in Series A funding – and of course, Bitcoin not failing as it has been successfully operating for 4,048 days since Satoshi activated the network's software.

    Buckle up bitcoiners, the ride has only begun.

    Live Bitcoin (BTC) Price:

    1 BTC/USD =$10,133.4076 change ~ -1.00%

    Coin Market Cap

    $184.7 Billion

    24 Hour Volume

    $4.91 Billion

    24 Hour VWAP

    $10.16 K

    24 Hour Change

    $-101.2667

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    Avatar
    Andrew Tuts
    Andrew is a Canadian cryptocurrency analyst who has spent the last seven years writing about digital marketing, science, and technology for hundreds of online publications. Andrew breaks down the latest news from across the crypto and blockchain space in a way anyone – even his parents – can understand.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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