Bitcoin climbs to one-year-high as Facebook prepares crypto launch

Bildkälla: Trijo News

Bitcoin rose to its highest level since May 2018 during the weekend.


Facebook is expected to release information on its own cryptocurrency, perhaps as soon as this week, and many believe this is behind the recent surge of bitcoin to over $9,000 this weekend. The reason for this is the credibility that Facebook adds, reports Bloomberg News.

Since late Friday night, bitcoin has risen by over nine percent, and Facebook’s entry has also led to increases for competitors to the world’s largest cryptocurrency. Both litecoin and etherum have risen more than four percent over the weekend.

Can rise even more

Experts believe that the money that is expected to enter the sector when Facebook enters the game has contributed to the increase.

“If institutional money starts to touch bitcoin that’s when you go much higher” says Brett McGonegal, CEO of Capital Link International to Bloomberg.

Now we just have to wait and see if Facebook’s launch will lead to even higher gains.

Follow Trijo News on FacebookTwitter and Instagram.

Följ Trijo News på FacebookTwitterInstagram och Youtube.

Dags att börja spara i bitcoin?

Hos Trijo får du Sveriges lägsta avgifter och går från registrering till bitcoin i plånboken på under 60 sekunder.

Andra nyheter

Kopia av Trijo News bild (7)
Kopia av Trijo News bild (3)
Trijo News bild (2)

Ta del av de senaste nyheterna.