After some time spent consolidating the price above 17k, Bitcoin has resumed its climb, reaching a new high of $18,000. With this milestone under its belt nine days out from Christmas, there is a chance that Bitcoin could move the final $2,000 required to serve up 20k for the occasion. This is especially so when you consider how quickly it jumped between thousands during the recent acceleration of the bull run.
Just 18 days ago, Bitcoin reached $10,000 for the first time. $20,000 by Christmas will mean that while the first $10,000 took more than 8 years to achieve, the second $10,000 will have taken less than one month.
These are amazing times in the cryptocurrency space, that is for sure.
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