BitDigest November 25 · Issue #792
Nov 25, 2020
Author
- Bitcoin and ether holding above $19,000 and $600 respectively as total crypto marketcap inches toward $600 billion
- South Korea may delay new tax policy for digital assets until 2022
- Nigeria is looking to develop its own regulatory framework for cryptocurrencies
What We Are Watching 📈
With numerous exchanges trading bitcoin, defining an all-time-high is a difficult number to establish. Coinmarketcap.com has bitcoin hitting $20,052 on December 17, 2017 and among the bitcoin community, I think it’s commonly stated that bitcoin surpassed $20k that year. But among many institutional investors bitcoin’s high is $19,511 as this figure is what Bloomberg is reporting. With the increasing entrance of institutional investors entering the cryptosphere, we believe this figure is more meaningful for today’s market.
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This will be the last issue of BitDigest for the week. Have a very happy Thanksgiving holiday.