The May halving seems to have gained maximum momentum as Bitcoin bested its previous 2017 record of $19, 783 to finally breach the $20,000-mark. The latest price surge came on the back of an over 5% increase in Bitcoin’s value in the last 24 hours. At the time of writing, Bitcoin was comfortably seated at $20, 505. However, as Bitcoin goes past $20000, there are several factors that need to be considered that might have led to this rise.
While the current rally is quite exceptional, it also has an element of déjà vu as it was precisely at this time three years ago when the world’s first currency came well within the range of the $20,000-mark, only to tumble down spectacularly within a matter of days.
