By Reuters Jul 9, 2019 2:23:40 PM IST (Updated)
The biggest cryptocurrency has gained over 45 percent since Facebook laid out plans last month for its Libra coin, sparking renewed optimism that cryptocurrencies will gain mainstream acceptance among companies and individual users.
Bitcoin held on Tuesday near its highest for two weeks after surging as much as 9 percent overnight, a move analysts said was probably driven by hopes that cryptocurrencies are gaining wider acceptance after Facebook disclosed plans for a digital coin.
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Bitcoin touched $12,833 overnight on the Bitstamp exchange, its highest since June 27, before pulling back. It was last up 2.2 percent at $12,560.
The biggest cryptocurrency has gained over 45 percent since Facebook laid out plans last month for its Libra coin, sparking renewed optimism that cryptocurrencies will gain mainstream acceptance among companies and individual users.