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Coronavirus, Fed Comments Possible Reasons for Bitcoin Bull Run: Analysis

Bitcoin hit its highest peak in five months, jumping over $10,000 as it continued to surge in 2020. So reports CNBC.

bitcoin 3089728 640 smallThe $10,489.78 mark it hit represents a 44% increase from the beginning of the year. According to the article, global uncertainty, like the recent Coronavirus outbreak, could be contributing to strong gains for the cryptocurrency.

Further, comments from Federal Reserve Chairman Jerome Powell apparently acknowledged digital currency’s potential and possibly helped ignite the jump.

Read the full article from CNBC.

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