Bitcoin Rallies Above $20,000 for First Time in Three Weeks, Ether Surging By 10% in 24 Hours
CoinMarketCap data shows the world's biggest cryptocurrency has surged by 4.4% over the past 24 hours — peaking at $20,348 on Tuesday evening before pulling back slightly.
But it's Ether that's showing far greater levels of strength right now. It's rallied by 10% in a single day — and is now knocking on the door of $1,500.
Investing in Bitcoin (BTCUSD) can seem complicated, but trading Bitcoin only requires an account at a service or an exchange, and safe storage practices are recommended.
Bitcoin investors need a cryptocurrency exchange account, personal identification documents if you are using a Know Your Client (KYC) platform, a secure connection to the Internet, a method of payment, and a personal wallet outside of the exchange account.
Valid methods of bitcoin payment include bank accounts, debit cards, and credit cards and it's possible to get bitcoin at specialized ATMs and via P2P exchanges.
KEY TAKEAWAYS
Bitcoin's value is derived from its store of value and payment system and its finite supply.A bitcoin's wallet or exchange account can be compromised so it's important to practice proper storage and security measures.
Bitcoin can be purchased through services like Coinbase, PayPal, and Robinhood.
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