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Bitcoin Crosses $9,000, Highest Since May 2018


Bitcoin price hit a new 2019 high, and moved above the $9,000 mark for the first time in more than a year.

Bitcoin, which was on a strong recovery path from its 2018 lows, nearly reached the important benchmark on May 27, but then dwindled.

It lost heavily since then, hitting as low as $7500, shedding around $1400.

Bitcoin reversed the trend, and has been on a steady rise all along the past week.

On Sunday, it reached the highest point since May 2018 - $9345.

After paring its gains slightly, the most popular cryptocurrency is trading at CoinDesk's bitcoin price index for $9209 on Monday.

The softcoin improved by 1.37 percent, or $124, within the last 24 hours.

BTC's improvement of 15.61 percent, or $1242 on weekly chart is the biggest leap in recent times.

And it is 25.74 percent, or $1882, higher from where it was valued 30 days ago.

Looking back to the start of the year, Bitcoin is 150 percent stronger now.

The latest surge in price is perhaps influenced by reports that Facebook is set to launch its own cryptocurrency very soon.

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