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Bitcoin Has Surpassed $ 11,000 To Climb 250% From December Low




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Bitcoin surged above $ 1

1,000 and hitting its loftiest level since early March 2018.

Getty

Bitcoin surged above $ 11,000 today,

The cryptocurrency hit $ 11,190.57 shortly before 9 at EDT today, setting a fresh, 13-month high, CoinDesk data shows.

At this point, the world's largest digital currency by an increase in value from $ 3.122.34 reached in December, additional CoinDesk figures reveal.

[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.]

'An Important Milestone'

Bitcoin broke through $ 10,000 yesterday.

 Bitcoin has passed $ 11,000, "said Marouane Garcon, managing director of crypto-to-crypto derivatives platform Amulet

John Todaro, director of digital currency research for TradeBlock,

weighed in on this development.

Bitcoin The 'Dominant' Cryptocurrency

"After bitcoin breached $ 10,000, it quickly rose to $ 11,000 on the back of likely FOMO buying."

Dave Hendricks, cofounder and CEO of digital asset management platform Vertalo, commenting on this market sentiment, has stating that bitcoin's recent price gains have been " influenced by FOMO."

However, he spo ke to the innovative asset's continued strength.

Bitcoin "has the proven crypto currency with a cross-cultural appeal," said Hendricks.

Thousands of digital assets have been surpassing $ 190 billion at the time of this writing.

" Many see BTC as well as parabolically. "" ATHs after what have looked like catastrophic falls.

Bullish Outlook

Todaro spoke to bullish news affecting the industry, saying that this past several weeks has not had any lasting positive developments in the digital currency space.

I still think retail investors are primarily on the side lines, as Google search trends for bitcoin still remain below the peak levels seen in 2017, "Todaro said.

"This will likely change in the next 3-6 months as you see continuous positive developments and high profile projects in the space come online, and a sustained price rally." [19659004] However, before bitcoin enjoys this upside, it notes garcon.

He described the digital currency's recent price increases as " a small victory that is worth celebrating," "we have to be wary as we do not know if these levels are sustainable yet. "

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

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Bitcoin surged above $ 11,000 today, bitcoin surpass above $ 11,000, and hitting its loftiest level since early March 2018.

Bitcoin surged above $ 11,000 today, as the cryptocurrency benefited from sustained momentum.

The cryptocurrency hit $ 11,190.57 shortly before 9 at EDT today, setting a fresh, 13-month high, CoinDesk data shows.

At this point, the world's largest digital currency by market value had climbed more than 250% from its local low of $ 3,122.34 reached in December, additional CoinDesk figures reveal.

[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.]

'An Important Milestone'

Bitcoin broke through $ 10,000 yesterday, a development that

"$ 10,000 was an important milestone for a lot of people and I think that bitcoin has passed $ 11,000," said Marouane Garcon, managing director of crypto-to-crypto derivative s platform Amulet.

John Todaro, director of digital currency research.

John Todaro, director of digital currency research for TradeBlock, weighed in on this development.

"After bitcoin breached $ 10,000, we quickly rose to $ 11,000 on the back of likely FOMO buying," he maintains.

Bitcoin The 'Dominant' Cryptocurrency [1969014] Dave Hendricks, cofounder and CEO of digital asset management platform Vertalo, commenting on this market sentiment, has stating that bitcoin's recent price gains have been " influenced by FOMO."

However, he spoke of the innovative asset's continued strength.

Bitcoin "has the proven crypto currency with a cross-cultural appeal," said Hendricks.

Thousands of digital assets have been surpassing $ 190 billion at the time of this writing.

" Many see BTC as well as parabolically. "" ATHs after what have looked like catastrophic falls.

Bullish Outlook

Todaro spoke to bullish news affecting the industry, saying that this past several weeks has not had any lasting positive developments in the digital currency space.

I still think retail investors are primarily on the side lines, as Google search trends for bitcoin still remain below the peak levels seen in 2017, "Todaro said.

"This will likely change in the next 3-6 months as you see continuous positive developments and high profile projects in the space come online, and a sustained price rally." [19659004] However, before bitcoin enjoys this upside, it notes garcon.

He described the digital currency's recent price increases as " a small victory that is worth celebrating," "we have to be wary as we do not know if these levels are sustainable yet. "

Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.


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