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Bitcoin continues his rally, exceeding $ 11,000



A day after it reached $ 10,000 for the first time in more than a year, Bitcoin's price has risen over $ 11,000 on Saturday.

Bitcoin

BTCUSD, + 2.53%

rose by 7%, reaching $ 11,100 on Saturday morning trading, according to CoinDesk, its highest level since March 2018. The price fell around $ 500 in the afternoon, bounced again, and last about $ 10,900 at 22:30

This was the third price point for the week after the world's biggest crypto hit reached $ 9,000 for the first time in 13 months last Sunday

The price Bitcoin rose 193 percent so far, with most gains coming in the last three months.

Last week, a bitter analyst predicted that prices could reach $ 40,000 in "a few months" after the $ 1

0,000 level was broken. "The final line: the winter crypt outnumbers," Thomas Lee said to Fundstrat.

After exceeding $ 19,000 in December 2017, the prices of the Bethinkers went down to $ 3,122 in December 2018.

From Saturday night, the market capitalization of the Battlefield was almost $ 188 billion, according to Coinmarketcap.com. Bitcoin's recent jump feeds the competing crypto-clay with ether

ETHUSD, + 3.47%

grew by 20% in the last month and litecoin

LTCUSD, + 0.28%

to 37% during this time. The sector was also helped by Facebook Inc.

FB, + 0.85%

revealed last week to its forthcoming Libra Libraries, which some analysts believe can take away the crypt of the masses.


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