Bitcoin price sets new record high of over $20,000

The bitcoin price rose to a new record high above $20,000 today as demand from institutional investors continued to drive the cryptocurrency. Data from Coin Metrics indicates that the bitcoin price climbed 6% to a new record high of about $20,700. Year to date, the digital currency is up more than 180%. Q3 2020 hedge fund letters, conferences and more The price was still climbing as of the time of this writing, showing no signs of slowing down. Institutional investors drive bitcoin price to new record highAnalysts told CNBC that bitcoin has received a boost from comments made by well-known inv…

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