RATE Group | Bitcoin rockets past $10,000 after the Fed says it’s ‘taking a deep look’ at a governmen…
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Bitcoin rockets past $10,000 after the Fed says it’s ‘taking a deep look’ at a governmen…

12 Feb Bitcoin rockets past $10,000 after the Fed says it’s ‘taking a deep look’ at a governmen…

Posted at 13:48h in Cryptocurrency News by

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  • Bitcoin surged past $10,000 on Wednesday after Fed Chair Jerome Powell said the central bank was exploring a government cryptocurrency.
  • “Every major central bank is currently taking a deep look,” Powell said on Tuesday, although he emphasized the value of the US dollar.
  • Bitcoin jumped 5% to a five-month high as Wuhan coronavirus fears boosted demand. 
  • The “halving” event in May will also halve bitcoin payouts to miners.
  • Visit Business Insider’s homepage for more stories.

Bitcoin jumped 5% to over $10,300 — a five-month high — on Wednesday after Federal Reserve Chair Jerome Powell said the central bank was exploring a government cryptocurrency.

“Every major central bank is currently taking a deep look,” Powell said at a Congressional hearing on Tuesday. “We feel that’s our obligation, technology has now made that possible. I think it’s very much incumbent on us and other central banks to understand the costs and benefits and tradeoffs associated with a possible digital…

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