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Topic: [2020-12-11] CoinGecko released its November 2020 Report (Read 131 times)

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CoinGecko released its November 2020 Report:
https://bitcoingarden.org/coingecko-released-its-november-2020-report/

CoinGecko, the world’s leading independent cryptocurrency aggregator, has just released its November 2020 Report. In their analysis of the market, CoinGecko highlighted Bitcoin’s price reaching its new All-Time High (ATH) at $19,725. The new ATH comes 3 years after its previous high of $19,665. It is likely due to the stream of institutional investors as well as the anticipation for the launch of S&P Dow Jones Indices set for 2021.

Overall, the news of mainstream adoption has helped to promote a more positive sentiment towards cryptocurrency, particularly Bitcoin.

In November, the market outperformed October’s growth (46% vs 20%) by recording yet another year high at $554 billion, far surpassing the previous high of $378 billion. Furthermore, the trading volume saw an amazing increase of 82% from the previous month.

The rally was led by institutional investors and mainstream media as more recognised the opportunities in adopting crypto....

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