Bitcoin (BTC) is up more than 10% in the past 24 hours, surpassing the $ 15,000 mark for the first time since January 2018, reaching a new high in 2020 at $ 15,950.

Cointelegraph Markets data shows that the BTC / USD pair briefly rallied to $ 15,950 and then returned to $ 15,500. According to cryptocurrency analysis platform Messari, Bitcoin has already spent over 20 days breaking the $ 15,000 barrier and 19 days over $ 15,109. barriers. This represents approximately 0.4% of the lifespan of a cryptocurrency since its inception in 2009.

BTC / USD daily chart. Source: Messari
“People will never say Bitcoin is dead,” Grayscale CEO Barry Silbert said in response to the recent price movement.

Bitcoin’s bullish behavior is one of the latest news that the US Department of Justice will take over $ 1 billion in bitcoin from an unnamed hacker who hacked into the Silk Road wallet.

Cointelegraph reported on Wednesday that an anonymous crypto user has transferred over 69,370 bitcoins – nearly $ 1.08 billion at current prices – making this the first time since 2015 that anyone has transferred assets related to the darknet market.

At the time of writing, US presidential candidate Joe Biden has six votes left to win, and officials continue to count in Georgia, Pennsylvania, North Carolina, Arizona and Nevada. Many industry experts expect the volatility between cryptocurrency and the stock market to continue until a winner is determined.

Source: CoinTelegraph