Bitcoin just passed the $18K price barrier reaching a 3-year price high. As the world drowns in global economic uncertainties, crashing stocks, raging pandemic, bitcoin is one of the only assets that has stayed afloat, yet for some reason has managed to stay away from mainstream news.
Bitcoin made headlines a while back when PayPal announced its support driving mainstream investors into the currency. Some argue that this may be one of the propellors for the current bull run.
There is another set of voices that mentions that the current price movement could simply be FOMO. As the bitcoin price climbs investors put in their money into bitcoin as they fear they might miss out on the bull run further driving the price up.
Citibank analyst just a few days ago came up with a price prediction of $300K+ by Dec 2021 further driving interest into the coin.
Unlike the last bull run of 2017, mainstream media has largely stayed away from this topic as they steer their focus on US elections and the pandemic.
Whatever the reason for this recent bull run, it is always great to see bitcoin climb up and see more people get into it.
As a bitcoin user, always buy/sell bitcoin from reliable exchanges, and remember you are only one responsible for its safety so do make sure to keep it safe.
Some quick tools to keep in handy as a bitcoin user:
Block Explorer:
Transaction fees estimator:
If your transaction is stuck you can either wait or use a transaction accelerator like:
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