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Bitcoin Surges To Record $109,760 As Dollar Weakens - InsideBusiness - Business News in Nigeria
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Bitcoin Surges To Record $109,760 As Dollar Weakens - InsideBusiness - Business News in Nigeria
Bitcoin rose through its previous high on Wednesday, reaching an intraday peak of $109,760.08 as investors sought refuge from a weakened dollar in the wake of a Moody’s downgrade of U.S. sovereign debt. The world’s largest cryptocurrency was trading at $108,117, up 1.1 percent on the day, and more than 50 percent above its April lows. The latest rally has been fuelled in part by easing trade tensions between the United States and China, which …
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