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Financial Focus: Bitcoin having an impressive year

Posted at 10:09 PM, Dec 02, 2020
and last updated 2020-12-03 01:10:08-05

LAS VEGAS (KTNV) — In today's Financial Focus, we have a check of the stock market and the stocks with ties to Las Vegas.

It's been an impressive year for bitcoin.

This week the cryptocurrency hit another major milestone.

On Monday bitcoin hit a new all-time high of just under $20,000.

With big gains, this year analysts say The days of bitcoin being considered just a fringe investment may be over.

The CEO is optimistic about its future.

In March, prices dropped below $4000 as the COVID-19 economic crisis impacted global markets.

But then bitcoin rallied sharply the past few months.

Analysts say because the dollar weakened it pushed cryptocurrencies into the mainstream.

Financial Focus is sponsored by Clark County Credit Union. Watch it weekdays on 13 Action News.