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5 Reasons Bitcoin is Trading at Yearly Highs
On Sunday bitcoin rallied above the major level of $9,000, reaching its highest price since May of 2018. The world’s largest cryptocurrency by market cap is now up by more than 22% over the past 30 days and over 140% in 2019. Despite the recent surge in price, bitcoin remains well below its all time high of over $19,000 reached in late 2017. Let’s take a look at some of the recent news that has helped to push the price of bitcoin higher: Facebook is creating its own cryptocurrency called GlobalCoin and code-named Libra. GlobalCoin has reportedly secured backing from Uber, Spotify and Visa. The new coin would ... (full story)
