Bitcoin surges above $11,000 thanks to Facebook's currency plans

phys.org | 6/19/2019 | Staff
malik778 (Posted by) Level 3
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Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing showings across stock, foreign exchange and commodity markets, with investors looking ahead to the week's G20 summit.

Bitcoin reached $11,251.21, surpassing $10,000 for the first time since March last year, as the cryptocurrency sector got a huge boost from Facebook's unveiling of its own digital unit Libra, analysts said.

Resurgence - Bitcoin - Price - Mainstreaming - Interest

"The strong resurgence in the bitcoin price is mainly due to the renewed mainstreaming interest in cryptocurrencies and the technology which underlines them," Naeem Aslam, analyst at trading group...
(Excerpt) Read more at: phys.org
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