Bitcoin tops $20,000 for 1st time amid monetary easing

The price of digital currency Bitcoin topped $20,000 for the first time Wednesday as continued monetary easing by major central banks amid the coronavirus pandemic prompted investment in the cryptocurrency market. Bitcoin traded at $20,781.57 as of 11:30 a.m., according to CoinDesk. Its value has tripled since the beginning of the year. The price of Bitcoin rose to the $19,000 level in 2017 when investors sought the cryptocurrency as a lucrative investment, but plunged to around $3,000 the following year. Group of 20 major economies are stepping up efforts to tighten controls on existing crypt…

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