Bitcoin Is Back Above $10,000 and Investors Say This Rally Is Different

from The Wall Street Journal,

The world’s most popular cryptocurrency gets a boost from Facebook’s plan to launch Libra.

Bitcoin rose over $10,000 for the first time in over a year, riding a new wave of optimism about the value and future of digital currencies. The world’s most popular cryptocurrency hit the milestone late Friday. By Saturday morning, it had already climbed above $11,000, according to research site CoinDesk. Bitcoin has more than tripled in value from its low at the end of 2018. The biggest news in the sector this year has been the unveiling of Libra, a cryptocurrency created by Facebook Inc. Investors have been buying bitcoin on the expectation that Libra is going to bring digital currencies to mainstream users, a goal that so far has eluded bitcoin itself.

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