Bitcoin price (BTC/USD) returns above $11,000 on Wednesday morning
Bitcoin has seen high price volatility in recent days, especially after the announcement of Facebook’s Libra cryptocurrency project. The social media giant confirmed that it was moving into crypto on June 18, which triggered a strong cryptocurrency rally that reached its peak last Wednesday, when the Bitcoin price surged to a near 18-month high of $13,796.49. The steep correction that has subsequently been observed, has been viewed by some experts as a positive development for the crypto space. EToro’s senior markets analyst Mati Greenspan recently described the development as “a bucket of ice water that was dumped on the anxious crypto market, which was indeed getting a bit too hot”.
In today’s trading, the Bitcoin price stood at $11,065.05, as of 10:25 BST. The digital coin has gained 9.4% in the past 24 hours. The coin’s total market capitalisation currently stands at $196.9 billion, which represents 61.8% of the combined value of all digital currencies.
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The post Bitcoin price (BTC/USD) returns above $11,000 on Wednesday morning appeared first on The Independent Republic.
source: https://theindependentrepublic.com/bitcoin-price-btc-usd-returns-above-11000-on-wednesday-morning/
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