Bitcoin wipes coronavirus losses, passes $10,000 again
There’s a popular meme that shows Bitcoin on a perpetual rollercoaster. It’s true: The world’s largest cryptocurrency by market cap is a very volatile asset.
But it’s not often that Bitcoin goes up past the $10,000 mark. On Monday, it happened again, and this time it may carry special significance.
The price swiftly rose from roughly $9,620 to $10,180 late on Monday according to CoinMarketCap, before settling down at about $10,100. Other cryptocurrencies, including Ethereum and XRP, are in the green as well, with the total value of all cryptocurrencies hovering around the $285 billion mark.
The ten-thousand-dollar mark is always a big psychological milestone. But it’s worth taking a look of how Bitcoin got there this time.
In mid-February 2020, Bitcoin was happily trading above $10,000 with a pretty strong bullish momentum, but then the spectre of the coronavirus pandemic took down the stock markets and cryptocurrencies alike
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