Bitcoin rallied as much as 8.7% on Monday to a peak of $19,873 on Coinbase, pushing 2020 YTD returns to 170%. Even with millions of new wallets being created each week on the Bitcoin blockchain, about 2% of the accounts on the blockchain control about 95% of the entire market cap of $356 billion. Bitcoin has since slumped to $19,200, still up about 6% on the day. Today's peak topped the previous daily record of $19,783 set by Bitcoin on December 18, 2017. Bitcoin has nearly tripled in 2020 and is up 97% since early September. On Thursday, Bitcoin slid 14% in a pre-Thanksgiving selloff before strongly recovering over the weekend on news that the Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission (SEC) to allow its $5 billion institutional Macro Opportunities Fund to invest up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC) to gain exposure to bitcoin. Data from U.S.-based exchange Kraken shows the BTC/USD pair hit its highest ever price on its order book at $19,850, then dove to $16,600 in seconds in a violent stop-loss run, before recovering above $19,200 range. Bitcoin also got a recent boost from an executive at BlackRock (BLK), the world's largest hedge fund, who suggested that bitcoin could replace gold as a safe-haven currency.