Bitcoin price usd 11,000 mark crossed, and it continues to rally over the weekend for the very first time in last 15 months. All it happened after the Facebook bitcoin entry with announcement of “Libra”.
According to Coinmarketcap, the Bitcoin price had decreased by approximately 1.15%, at time of this writting with each coin of being worth $10,873.04. Facebook inc entry in cryptocuurency with it’s most ambitious plans to make it easy for all the Facebook users to use the virtual currency platform.
The rise in bitcoin price value comes after Facebook plans own cryptocurrency, as it’s a matter of fact, the Google data trends also second it, and shows that the cryptocurrency increased after the Social media tech giant’s announcement.
It’s not easy to make any speculaion regarding the Bitcoin price, but Bitcoin‘s price also made headlines when it hovered above $5,600, at the time of settling a 2019-high, that is for the third time in less than a month time period.
For the first time in 2019 in last week, world’s most famous cryptocurrency surpassed the $9,000 threshold amid the rumours that tech giant was getting ready to go fo rpublic with its project.
Five weeks ago, Bitcoin price soared past the $8,000 also, speculation are still in the air by many politicians and bankers across the globe that the Facebook‘s announcement of cryptocurrency highly impacted factor on bitcoin price jump.