Bitcoin price hits 2020 high

On October 27, the price of bitcoin climbed to a one-year high of $13,760 (Bitstamp). The nearest resistance is the 2019 peak at $13,880.

Update: In the early hours of October 28, prices set a new yearly high at $13,867 (Bitstamp).

On Twitter, MicroStrategy’s profit from investments in BTC has surpassed $95 million.

Now it’s only…
$95,000,000

Ninety. Five. Million. Dollars#Bitcoin pic.twitter.com/mXi5VZL7ka

— MicroStrategy Bitcoin Tracker (@38250BTC) October 27, 2020

With the end of the rainy season in Sichuan province, China, drawing to a close and miners migrating, the bitcoin hash rate has substantially slumped.

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