
Bitcoin explodes above $18,000, taking its market capitalization to an all-time high — and its even exciting Hollywood
REUTERS/Baz Ratner
-
Bitcoin rose above $18,000 on Wednesday, to its highest in three years, and its market capitalization has hit an all-time record of $336 billion.
-
The price has closed above $17,000 on only five other days in history, Deutsche Bank analysts said.
-
Frenzy over its price caught the attention of Hollywood celebrity Maisie Williams, who ran a Twitter poll Tuesday on whether she should buy Bitcoin.
-
Events triggering Bitcoin’s price surge include improvement in mainstream acceptance and President-elect Joe Biden appointing crypto-friendly Gary Gensler to oversee Wall Street regulations, an OANDA analyst said.