Bitcoin Crosses Key $20,000 Level In Decisive Move Up
Bitcoin shot up 6.15% to $20,048.23 over 24 hours leading up to 12:27 a.m. EDT on Tuesday.
The apex coin traded above the psychologically important $20,000 mark at the time of writing. In the intraday period, Bitcoin moved between $18,721.29 and touched a high of $20,228.72.
The largest cryptocurrency by market cap saw an 89.7% boost in 24-hour trading volume, which touched $49.06 billion at the time of writing.
The rise in Bitcoin comes despite the S&P 500 seeing the lowest closing since 2020.