For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Bitcoin Climbs 18 Month High Level After Facebook's Libra Spurs Demand

|

The leading cryptocurrency Bitcoin in the backdrop of Facebook's Libra digital currency is making new highs. And on Wednesday, the currency hit past $13000 levels, its highest in 18-months.

Bitcoin Climbs 18 Month High Level After Facebook's Libra Spurs Demand
 

The reasons for the currency's gaining ground are the appeal of the currency that is strengthening amid geo-political tensions and also its likelihood to gain mainstream interest. In December 2017, the token hit a high of $20,000. Since the beginning of this year, the cryptotoken has surged in value by over 260%.

Facebook's Libra is said to launch its own cryptocurrency by end of June 2020.

The surge in the bitcoin is also fuelled owing to global central bank's move at fuelling the economy by keeping interest rate low. And as a result for better gains, investors are flocking to alternative investments that could be both a safe haven and at the same time provide for substantial returns.

GoodReturns.in

Story first published: Thursday, June 27, 2019, 12:12 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more