Bitcoin passes symbolic $10,000 mark

Bitcoin passes symbolic $10,000 mark
Credit: Belga

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


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