Bitcoin

Bitcoin prices rose sharply ahead of the weekend, with market commentators saying the rally underlines the febrile state of global financial markets.

Bitcoin has an added advantage on gold of being decentralised and far scarcer says David Mercer, CEO of LMAX Group.

Bitcoin is once again in focus now that it has cracked the $20K ceiling, a move that washes away notable market resistance and opens the door to a potential 50% increase in 2021, according to one analysts we follow.

The price of Bitcoin reached its highest levels since December 2017 in Midweek trade amidst an ongoing demand for the digital currency that analysts say is linked to a growing perception that it offers investors the same characteristics as gold.