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Unstoppable Bitcoin rockets to $11,000 in massive sudden spike
The world’s first digital currency, Bitcoin, briefly hit a new record of $11,000 on Wednesday. The milestone marks a dizzying ascent from just 6 cents seven years ago, and less than $1,000 at the start of this year.
The digital currency smashed the new historic level at 5:34 GMT, according to CoinMarketCap. The move came after exchanges in South Korea saw trading above the $10,000 threshold on Tuesday.
Bitcoin has been breaking through symbolic price barriers every few days recently, with the pace accelerating since the weekend. It took the digital currency a little over two weeks to go from $7,000 to $8,000, just a week to reach $9,000, and just two days cross $10,000 and $11,000.
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