MOSCOW (Sputnik) – The most popular cryptocurrency Bitcoin reached the $10,000 psychological price tag early on Saturday for the first time since 2018, according to trade data.
Cryptocurrency tracking website CoinMarketCap showed that as of 04:00 GMT on Saturday, Bitcoin’s price saw a 8.94-percent growth to $10, 591.12.
“The Bitcoin price has surpassed the $10,000 level on the information about the launched of the Facebook Libra virtual currency”, Arseniy Poyarkov, a member of the Russian lower house council on digital economy, who heads the BiznesDrom analytic agency, noted.
The news come after Facebook announced on Tuesday that it plans to launch a new cryptocurrency called ‘Libra’ by 2020, and that it would create a digital wallet in order to resolve the inaccessibility of “even basic financial services” in various countires.
Bitcoin, created in 2008 became the one of the largest currencies in the world. It was valued at less than $1 US in 2011, but after several explosive price hikes it grew over $20,000 in 2017. Last year, however, the price of the currency dropped several times. settling below the the $5,000 mark.