News Bitcoin vaults to 18-month highs on growing popularity

Bitcoin vaults to 18-month highs on growing popularity

-

- Advertisment -

LONDON (Reuters) – Bitcoin jumped to its highest in eighteen months on Wednesday on safe-haven investment flows and growing expectations that Facebook’s Libra could turn cryptocurrency investments mainstream.

“It obviously does appear to be benefiting from some sort of flows that gold is benefiting too,” said Michael Hewson, chief market strategist at CMC Markets.

“You’ve got all this stuff about Libra going on which is renewing interest in bitcoin”.

Bitcoin traded last at $12,485 after reaching a high of $12,935 earlier in the Asian session. So far this year, the cryptocurrency has nearly tripled in value after being in the doldrums last year.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

GoCrypto presents truly contactless payments with a simple solution for merchants and buyers

7 April 2020 — The recent events have rapidly changed the way we live, including our shopping...

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...
- Advertisement -Bitcoin vaults to 18-month highs on growing popularity

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you