LONDON (Reuters) – Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever.
The cryptocurrency jumped 4.5% to move as high as $20,440.
Bitcoin has gained more than 170% this year, buoyed by demand from larger investors attracted to its potential for quick gains, purported inflation-resistant qualities, and expectations it will become a mainstream payment method.
(Reporting by Thyagaraju Adinarayan, editing by Karin Strohecker)
