The digital currency Bitcoin was valued at $10,000 on Sunday, for the first time since October.
Bitcoin’s value increased by 2.6% to hit 10,179 dollars, an increase by 40% this year so far.
Bitcoin went above the significant $10,000 mark as concerns about the coronavirus’ impact on the struggling global economy are dissipating and the stock markets are bouncing back.
“High-risk investments have become more attractive: people are feeling more optimistic due to the fact the coronavirus is expected to have only a limited impact and China has agreed to a second phase of trade negotiations with the US,” explained Ed Moya, market analyst for Oanda at the Bloomberg press agency.
The Brussels Times
