Bitcoin Hits $10,000, Again: Is It for Real This Time?
Bitcoin has drawn the attention of millions of investors, speculators, and consumers across the globe. The cryptocurrency has seen huge gains since its birth more than a decade ago, but there's also been plenty of volatility along the way. After reaching nearly $20,000 back in late 2017, bitcoin suffered yet another drop of more than 80% to fall below $3,500 by early 2019. Yet in just the past year, the crypto token has bounced back yet again.
Over the past weekend, bitcoin climbed back through the $10,000 level. It was the first time since last summer that bitcoin had been that high, but more importantly, it showed that interest in the cryptocurrency remains stable even amid all the volatility. Below, we'll look at some reasons why bitcoin has been strong lately -- and whether this'll be the time it can avoid major declines and stay above that mark for good.
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Source Fool.com
