Bitcoin broke through $18,000 on Wednesday to hit its highest since December 2017 extending its blistering 2020 rally driven by demand for its perceived quality as an inflation hedge and expectations of mainstream acceptance.
The original and biggest cryptocurrency jumped as high as $18,483 and was last up 2%. It has soared about 160% this year and has jumped 17% in the last three days alone.
Bitcoin is now close to its all-time high of just under $20,000, which it touched at the peak of its retail investor-fuelled 2017 bubble.
“It is not out of the question for the crypto to hit its all-time high of $20,000 this side of Christmas,” said Simon Peters, analyst at investment platform eToro.
“The crypto industry has consolidated, matured and is seeing real traction with institutional investors. Investors are using bitcoin as an inflationary hedge to combat the prospect of continued government stimulus.”
The asset’s 12-year history has been peppered with vertiginous price rises and equally sharp crashes.
The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council.
The elec...
From today, Malta starts facing another major increase in the cost of moving goods to and from Europe, with the combined EU ETS, FuelEU and BAF surcharge set to reach an estimated annual...
Updated 0930
Health centres need more staff, not longer hours, doctors say
Opening more health centres at night would not address the main pressures facing Malta’s healthcare syste...
Updated 1000
Media groups call for consultation on reform
The Institute of Maltese Journalists, PEN Malta, the Daphne Caruana Galizia Foundation and Repubblika have called on the g...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council.
The elec...
From today, Malta starts facing another major increase in the cost of moving goods to and from Europe, with the combined EU ETS, FuelEU and BAF surcharge set to reach an estimated annual...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council.
The elec...
From today, Malta starts facing another major increase in the cost of moving goods to and from Europe, with the combined EU ETS, FuelEU and BAF surcharge set to reach an estimated annual...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Poland's Prime Minister Donald Tusk said he expected Moscow to escalate the war in "in the coming weeks", following Russian strikes that hit a Warsaw-bound train in Ukraine, just two kil...
The departure from Moldova of a plane carrying Ukrainian President Volodymyr Zelenskiy to Norway was delayed when authorities closed the country's airspace over a drone alert, a Moldov...
