Technology: Bitcoin Climbs to $10,000 as Memories of the Crypto Bubble Fade - - PressFrom - Canada
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TechnologyBitcoin Climbs to $10,000 as Memories of the Crypto Bubble Fade

10:25  22 june  2019
10:25  22 june  2019 Source:   msn.com

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Bitcoin breached $ 10 , 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble . “The bounce back of Bitcoin has been fairly extraordinary

Bitcoin breached $ 10 , 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble . Bitcoin Bounces Back Above , 000 as Bubble Memories Fade .

Bitcoin Climbs to $10,000 as Memories of the Crypto Bubble Fade© Bloomberg Largest cryptocurrency extends rally

Note: All currency in U.S. Dollars. For latest values, please use MSN Currency Converter.
Bitcoin breached $10,000 (C$14,232) for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble.

“The bounce back of Bitcoin has been fairly extraordinary,” said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1 Plc. “Money didn’t leave the asset behind, it just sat on the sidelines waiting to get back in.”

Crypto entrepreneur pays $4.57 million for lunch with Warren Buffett

Crypto entrepreneur pays $4.57 million for lunch with Warren Buffett Cryptocurrency skeptic Warren Buffett will dine with a bitcoin enthusiast, all in the name of charity. Entrepreneur Jason Sun bid $4.57 million (C$6.14 million) at a charity auction to have lunch with the legendary investor. Sun launched cryptocurrency TRX token in 2017. He also founded Tron network — an operating system based on the blockchain technology that underlies cryptocurrencies. Buffett has repeatedly criticized cryptocurrency, even calling bitcoin "rat poison squared.

(Bloomberg) -- Bitcoin breached $ 10 , 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble . “The bounce back of Bitcoin has been fairly extraordinary,” said George

Bitcoin breached $ 10 , 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble . “The bounce back of Bitcoin has been fairly extraordinary

The largest cryptocurrency rose by about 5% to around $10,500, according to prices compiled by Bitstamp available on the Bloomberg terminal. Bitcoin reached an all-time high of $19,511 in December 2017, capping a 1,400% surge that year, only to be followed by a 74% collapse in 2018.

The coin reached a near-term low of about $3,100 in December and languished around the $3,300 to $4,100 range for several months, before getting a bid at the beginning of April. It hasn’t looked back from there.

In contrast with last year, there are now signs of renewed mainstream interest in cryptocurrencies and the underlying blockchain technology, most prominently Facebook Inc.’s Libra. The social-media giant is working with a broad group of partners from Visa Inc. to Uber Technologies Inc. to develop the system, which has already attracted attention and criticism from politicians raising privacy and security concerns.

Bitcoin climbs above $9,000 for first time in over a year amid Facebook crypto talk

Bitcoin climbs above $9,000 for first time in over a year amid Facebook crypto talk Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency. The world's largest digital coin traveled as high as $9,381.82 in the last 24 hours, according to CoinDesk's bitcoin price index. The last time bitcoin hit a level as high as $9,000 was May 2018. Bitcoin is up 140% since the start of the year. The more than one year high comes amid news that Facebook is reportedly set to launch its own crypto token as early as Tuesday.

Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Bitcoin breached $ 10 , 000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble .

Read more: Facebook Wants Its Cryptocurrency to Rival the Greenback

To contact the reporters on this story: Eric Lam in Hong Kong at elam87@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.net

To contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Joanna Ossinger, Dave Liedtka

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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