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Bitcoin Price shoots up to $11,000 first ever in 15 Months

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Bitcoin Price shoots up to $11,000 first ever in 15 Months

Bitcoin ascended the mark of $11,000 this Monday breaking the record of 15 month’s high. It is now up more than 170% this year. This surge of bitcoin has even helped to lift the prices of other digital coins like ethereum.

Facts that you need to know

Bitcoin Price shoots up to $11,000 first ever in 15 Months

Other significant records

This surge in Bitcoin made the investors remind when Bitcoin rose to a mark of $19000 and then fall steeply to a loss of more than 20% in December 2017. Bitcoin was trading at a very low price of $3000 at the beginning of 2019. But, this sudden surge comes at the price comes as a great achievement.

Reasons for this swift surge

According to experts, this price surge is due to the following main factors:

Bitcoin Price shoots up to $11,000 first ever in 15 Months

  • Facebook’s Libra compelled investors to take cryptocurrency seriously.

What is a Bitcoin(₿)?

 

For those who aren’t still aware of what a bitcoin is. It is a cryptocurrency, a form of electronic cash which is symbolised by ₿. It is a digital currency which does not have any centralised bank or administrator and works completely on the underlying technology of Blockchain. This digital coin can be transferred from user to user without the help of any intermediary.

For more updates on cryptocurrency, keep watching this space!

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