Bitcoin Braces for $11,000 on Weaker Dollar Demand

Bitcoin rose above $10,000 in an overnight rally Monday for the first time since May 8, 2020. The gains surfaced as investors sold the US dollar for riskier assets amid optimism about economic recovery. Other factors, including the U.S.-China tensions and the stock market’s upside, also contributed to the rally. Bitcoin rose Monday in a surprising rally that took its price up by almost $1,000 in less than 12 hours. The benchmark cryptocurrency climbed 10.17 […]

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