Bitcoin Bounces Above $11,000

relsserd (25)in #cryptocurrency • 8 years ago

Bitcoin Current Price: 11,129.00 US Dollars

"This recovery is being led and carried primarily by Japan," said Mati Greenspan, a senior market analyst at trading platform eToro.

"It took Bitcoin more than two weeks to recover the ground it lost in early February when the most popular cryptocurrency in the world plunged below $6,000 for the first time since November.

"Bitcoin is nowhere near its record highs from mid-December when it hit almost $20,000, but the digital coin is finally trading above $11,000 again."

"Then again, there’s no predicting the crypto market. And because Bitcoin is on the rise, all other digital coins are slightly up or holding steady in trading on Monday."

"Not all banks are happy with the Bitcoin surge. The Polish Central Bank (NFB) was just caught redhanded and admitted it paid a YouTuber to attack digital coins online. The bank also invested in Google and Facebook campaigns for the same purpose, according to NewsBTC."

"Total cryptocurrency market value reached a high of $519.4 billion on Saturday night before shedding the gains a couple of hours later to $474 billion."

"At 15:18 UTC on Monday, crypto markets had a total valuation of $502.7 billion. The last time they crossed the $500 billion mark was in mid-December 2017, and it took them approximately five days to add another $100 billion."

https://www.investopedia.com/news/bitcoin-price-crosses-11000/