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PR Newswire
24-06-2019, 07:25 PM
Bitcoin soars above $11,000 for the first time in 15 months — now up 170% for the year
* Bitcoin surged above $11,000 on Monday hitting its highest level since March 5, 2018.
* It is now up over 170% this year.
* Experts said Facebook’s cryptocurrency project Libra has been a catalyst for bitcoin to go higher.
Arjun Kharpal
PUBLISHED SUN, JUN 23 2019 11:29 PM EDT
Bitcoin surged above the $11,000 mark on Monday hitting a more than 15-month high, as a high-profile project from Facebook throws cryptocurrencies back into the spotlight.
The digital coin hit an intraday high of $11,307.69 around 5:30 a.m. HK/SIN Monday, according to Coindesk’s Bitcoin Price Index, which takes into account the price of the cryptocurrency across various exchanges. That’s the highest level since March 5, 2018. Bitcoin had pared some of those gains and was trading at around $10,624.10 at 10:05 a.m. HK/SIN Monday.
Investors appear to be shrugging off some of the memories from the burst of the bitcoin bubble after it hit a record high of over $19,000 in December 2017. The price of the cryptocurrency came crashing down over the course of 2018 and into the start of 2019 where it fell to the low-to-mid $3,000 mark.
But since late February, bitcoin has been marching higher again, as major companies began to announce cryptocurrency-related projects. Fidelity rolled out a cryptocurrency custody and trade execution operation in March. But it was perhaps news of Facebook’s Libra cryptocurrency that helped boost bitcoin.
More details in https://www.cnbc.com/2019/06/24/bitcoin-...onths.html
* Bitcoin surged above $11,000 on Monday hitting its highest level since March 5, 2018.
* It is now up over 170% this year.
* Experts said Facebook’s cryptocurrency project Libra has been a catalyst for bitcoin to go higher.
Arjun Kharpal
PUBLISHED SUN, JUN 23 2019 11:29 PM EDT
Bitcoin surged above the $11,000 mark on Monday hitting a more than 15-month high, as a high-profile project from Facebook throws cryptocurrencies back into the spotlight.
The digital coin hit an intraday high of $11,307.69 around 5:30 a.m. HK/SIN Monday, according to Coindesk’s Bitcoin Price Index, which takes into account the price of the cryptocurrency across various exchanges. That’s the highest level since March 5, 2018. Bitcoin had pared some of those gains and was trading at around $10,624.10 at 10:05 a.m. HK/SIN Monday.
Investors appear to be shrugging off some of the memories from the burst of the bitcoin bubble after it hit a record high of over $19,000 in December 2017. The price of the cryptocurrency came crashing down over the course of 2018 and into the start of 2019 where it fell to the low-to-mid $3,000 mark.
But since late February, bitcoin has been marching higher again, as major companies began to announce cryptocurrency-related projects. Fidelity rolled out a cryptocurrency custody and trade execution operation in March. But it was perhaps news of Facebook’s Libra cryptocurrency that helped boost bitcoin.
More details in https://www.cnbc.com/2019/06/24/bitcoin-...onths.html
Specuvestor: Asset - Business - Structure.