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Bitcoin Crosses $11,000 After One Year


Bitcoin retreated Monday after hitting its highest price in 15 months at the weekend.

On Saturday, the world's most popular cryptocurrency crossed $11000, and hit $11135, a price never seen since March 2018.

After paring its gains slightly, Bitcoin is trading at $10872 on Coinbase at the time of this writing.

Bitcoin has been on a strong recovery path from its 2018 lows in recent months.

Last week it made significant gains, crossing the $10000 and $11000 thresholds within 24 hours.

Bitcon improved by more than 16 percent, or $1558, in the last seven days.

And it is more than 34 percent, or $2794 higher from where it was 30 days ago.

In the last 24 hours alone BTC gained 1.80 percent, or, $192.

Compared to the start of the year, Bitcoin is 180 percent stronger now.

Facebook's launch of its own cryptocurrency Libra is reportedly one of the main factors that contributed to the rising trend.

Market experts believe that a bullish price pattern will continue.

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