Cryptocurrencies
Bitcoin Climbs to $10,000 as Memories of the Crypto Bubble Fade
- Digital coin has retraced more than half of historic increase
- Facebook’s push into crypto has helped to reinvigorate demand
This article is for subscribers only.
Bitcoin breached $10,000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble.
“The bounce back of Bitcoin has been fairly extraordinary,” said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1 Plc. “Money didn’t leave the asset behind, it just sat on the sidelines waiting to get back in.”