Bitcoin Surges Above $11,000 For First Time in Almost a Month By Investing.com

Bitcoin Surges Above $11,000 For First Time in Almost a Month

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Investing.com - Bitcoin surged more than 8% on Monday in Asia to above the $11,000 level for the first time in almost a month.

The reasons for the gains were unclear, but some analysts said it could be a technical rebound, according to analysts at CoinDesk.

Max Keiser, a former Wall Street trader and host of the RT program Keiser Report, said that he believes Bitcoin will break $15,000 this week.

In a tweet, Keiser said that he is “sensing #Bitcoin will cross $15,000 this week.”

Confidence in governments, central banks and centralized fiat money are at the lowest level they have been in decades, he said.

Prices of other major cryptocurrencies also gained today. Ethereum rose 4.8% to $227.52, XRP climbed 2.6% to 0.32143, while Litecoin traded 3.1% higher to $94.651.

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By Geoffrey Smith Investing.com -- The price of Bitcoin leaped back above $30,000 on Friday at the end of what had threatened to be its worst week in four years. By 3:10 AM ET...

More Than $200 Billion Wiped Off Cryptocurrency Market in a Day By Bloomberg - May 12, 2022

(Bloomberg) -- A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking website...

Tether Falls Against Dollar as Crypto Selloff Deepens By Investing.com - May 12, 2022

By Geoffrey Smith Investing.com -- The world's biggest stablecoin fell below its notional peg of 1:1 against the dollar on Thursday as the global selloff in cryptocurrencies...

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