Yesterday, at 21:00 UTC, Bitcoin has hit an intraday high of $11,307.69, almost €10,000, making a 165 percent price rise, according to Coindesk’s Bitcoin Price Index.
That’s the highest level since March, 2018. This rise followed the announcement of Facebook’s cryptocurrency Libra last week.
As per “The TIE” announcement on Twitter “The Libra Coin announcement played a massive role in driving Bitcoin to $10,000. After Facebook’s official partner list for Libra Coin was revealed by @TheBlock__ on June 14th sentiment on Bitcoin almost immediately flipped positive leading significant upwards price movement”
“The price surge is due to two major factors, one is an increasing consensus among the investment community that bitcoin is a legitimate store of value for the digital age, and two Facebook’s Libra cryptocurrency launch has forced every CEO to take crypto seriously” said Jehan Chu, The co-founder of Kenetic Capital.
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29 October 2020