The price of bitcoin passed the $11,000 mark at 7:30 this Friday (09), a day after the payment company Square revealed it had bought $50 million in BTC. In Brazil, the price topped $62,000.
Cryptomoeda has remained fairly stable above US$10,000 in the last two weeks, despite news of the KuCoin stock exchange hack, US regulators filing criminal and civil charges against BitMEX, and President Donald Trump’s announcement that he would end negotiations with Democratic legislators on a new fiscal stimulus package.
With the uptick, Bitcoin is back in business above US$11,000, which had not happened since 19 September.
The bitcoin is now up 4% in October and accumulates 19.5% in the second half. Since the beginning of the year, the currency has appreciated 52% in dollars.
In addition to the BTC, the main market cryptocurrencies also operate upwards this Friday. Ethereum (ETH) rose 3.6%, XRP gained 0.5% and Binance Coin (BNB) appreciated 5.9%. The highest rise of the day is Chainlink (LINK) with 8.9%.