Bitcoin rises above $11,000, first time since January
The cryptocurrency has been surrounded by negative headlines since the start of the yearBitcoin rose above $11,000 on Tuesday for the first time since January as it had previously taken a fall below 70 per cent since the beginning of the year. The cryptocurrency has been surrounded by negative headlines since the start of this year. Bitcoin extends slide, falls below $7,000There have been incidents of hacks on exchanges while a Tokyo-based cryptocurrency was also involved in the theft of roughly $532.9 million. Thomas Lee, the managing partner at Fundstrat Global Advisors, sees a new record peak for bitcoin by July, based on the currency’s 22 corrections since 2010. On the Luxembourg-based Bitstamp, bitcoin rose as high as $11,700 BTC=BTSP and was last at $11,511.
Source: The Express Tribune February 20, 2018 11:37 UTC
