RATE Group | Bitcoin Travels North as Libra Gets Smaller
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Bitcoin Travels North as Libra Gets Smaller

19 Apr Bitcoin Travels North as Libra Gets Smaller

Posted at 03:59h in Bitcoin News by

At the time of writing, several cryptocurrencies are showing new signs of life. Bitcoin, for example, is once again trading above $7,000 for the second time this month.

Bitcoin Has Broken $7K Again

In addition to BTC’s sudden burst, Ethereum is trading for $170, while other major coins – such as Ripple and Litecoin – have also shot up. For the most part, the cryptocurrency industry appears to be on a path of recovery along with stocks as the Dow Jones has shot up more than 400 points since Friday’s early morning hours.

The surges are likely stemming from two big factors. For one thing, President Donald J. Trump has announced that some state economies are likely to reopen their doors for business in the coming weeks, or prior to May 1. Some states have not experienced hardcore coronavirus effects and can therefore begin operating normally prior to the month’s end.

Ultimately, Trump is leaving it up to individual regions to make their own decisions about when they can return to…

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