Bitcoin Soars to Over $19,000

In what was an incredible day for bitcoin, which already sees staggering gains on a regular basis, the cryptocurrency soared to nearly $20,000 this week.

The digital current hit over $19,000 for the first time on Thursday before retracing 20% to a little over $15,000.

According to Coinbase exchange, the digital currency hit a high of $19,340 before falling to $15,198.63.

Newton Advisors member Mark Newton remarked, “It goes without saying that prices have reached a level where sentiment is exhibiting short-term euphoria. But to think prices are at mania levels where this could suffer a serious crash here… is a bit ridiculous.”

“I truly don’t think people are involved on a mass scale yet. We’ve heard the fraud claims. Now we need people profiting immensely all around us and making forecasts for $1 million, etc., for it to truly have reached a euphoric peak,” Newton explained.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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