Bitcoin Rises Past $20,000. What's Happening—and Why Optimism Is ‘Dangerous.’ - This article is full of FUD, how does the media get away with this?
Bitcoin and other cryptocurrencies were surging on Friday, buoyed by a mashup of macro factors and optimism over regulation. But analysts said the rally could be short-lived as the outlook for risk-sensitive assets remains tricky.
The price of Bitcoin has jumped 8% over the past 24 hours to $20,700, blowing past the key $20,000 level that has held back the largest digital asset for much of September. Bitcoin is back in the $20,000 to $25,000 range that it has mostly held since mid-June, when a dramatic selloff drove it down from $30,000.