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Bitcoin Breaks $ 10,000 and Reaches a 15-Month High




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Bitcoin today raised over $ 10,000 before winnings and flirtation expanded to $ 1

1,000.

Getty

Bitcoin prices today exceeded $ 10,000 and Breaking That Psychological Key The world's best-known digital currency climbed above $ 10,000 at around 7:30 pm EDT before widening these gains in the following hours, as CoinDesk figures show.

At the time of

CoinDesk data had Bitcoin located at $ 10,801.59 .

Bitcoin, which has followed a strong upward trend for several months, has since risen by more than 230% In December, a local low of $ 3,100.

Commenting on the recent upward movement of the digital currency, analysts pointed to factors such as strong market sentiment, optimistic media coverage, and the like and a widespread hype associated with the release of the Libra currency from Facebook.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Libra's Impact

said David Martin, Chief Investment Officer of the US Asset Manager Blockforce Capital.

"When Facebook released the white paper explaining the project on Tuesday, big channels grabbed the story and joined in," he noted.

"Since then, Libra has dominated the traditional cycle of financial news and has led to a rapid public reaction from key governments and business leaders," Martin also said in a news discussion, "

" We believe that newcomers come with larger ones Probability of establishing a correlation between Bitcoin and the Libra project. "

Martin emphasized that" w generated during this new project is of much interest It is important to realize that this new digital asset will in many ways differ materially from Bitcoin. "

At the same time, he stressed that" the overall increase in public interest is driving Bitcoin's price rise. "

Chris Keshian, a cryptocurrency investor and former hedge fund manager, also spoke on the impact of Libra, declaring:

"Facebook's Libra has legitimized crypto for many investors, resulting in a stronger focus on the asset class lately.

Marouane Garcon, Managing Director of the Crypto-to-Crypto Derivatives Platform Amulet described the scale as "America's WeChat's Moment," adding that "Bitcoin's it benefits and continues to benefit from its hype and its success. "

" At the moment, people are inviting in anticipation of the launch of Libra, "he said.

Garcon also spoke about the positive media coverage that has recently shaped digital currencies, declaring: 19659004 ] "If you pay attention to the news. There are several stories about big brands and companies that want to incorporate blockchain or cryptocurrencies into their strategies.

Disclosure: I Own Bitcoin, Bitcoin Cash, and Ether.

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Bitcoin today raised over $ 10,000 before winnings and flirtation expanded to $ 11,000.

Getty

Bitcoin prices today exceeded US $ 10,000 and reached their highest level since March 2018.

The world's best-known digital currency climbed above $ 10,000 at 7:30 pm EDT, before expanding in the following hours, according to CoinDesk figures.

At the time of this writing, Bitcoin had achieved as much as $ 10,801.59 [194559029] as additional CoinDesk data.

Bitcoin, which has followed a strong upward trend for several months, has risen more than 230% since it hit a local low of around $ 3,100 in December.

Commenting on the recent upward movement of the digital currency, analysts point to factors such as strong market sentiment, optimistic media coverage and a widespread hype surrounding the release of Facebook's balance currency. [19659035] [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Libra's Impact

"This rally we observe can largely be attributed to Facebook, which has long awaited the details Libra's cryptocurrency release, " said David Martin, chief investment officer of the US wealth manager Blockforce Capital.

"When Facebook released the whitepaper explaining the project on Tuesday, the major broadcasters took up the story and joined in," he noted. 19659004] "Since then, Libra has dominated the traditional cycle of financial news and has led to a rapid public reaction from key governments and business leaders," Martin said, "too."

"We believe newcomers are more likely to have one Correlate between Bitcoin and the Libra project. Martin

emphasized that "w will generate a lot of interest during this new project. It is important to know that this new digital asset will in many ways be significantly different from Bitcoin. "

At the same time, he stressed that" the overall increase in public interest is driving Bitcoin's price rise. "

Chris Keshian, a cryptocurrency investor and former hedge fund manager, also spoke on the impact of Libra, declaring:

"Facebook's Libra has legitimized crypto for many investors, resulting in a stronger focus on the asset class lately.

Marouane Garcon, Managing Director of the Crypto-to-Crypto Derivatives Platform Amulet described the scale as "America's WeChat's Moment," adding that "Bitcoin's it benefits and continues to benefit from its hype and its success. "

" At the moment, people are inviting in anticipation of the launch of Libra, "he said.

Garcon also spoke about the positive media coverage that has recently shaped digital currencies, declaring: 19659004 ] "If you pay attention to the news. There are several articles about big brands and companies that want to incorporate blockchain or cryptocurrencies into their strategies.

Disclosure: I Own Bitcoin, Bitcoin Cash, and Ether.


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