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Story: Cryptocurrency Bitcoin surge above $68,000 ; 11-09-2021;
Bitcoin makes astonishing jump with above $68,000.
World's one of the first and most well-known cryptocurrency Bitcoin on Monday surpassed its previous record high $66,000 set in late October. This time, the market leading cryptocurrency surged above $68,000 market cap. The digital currency, that was created in January 2009, is virtual money that is secured by cryptography.
• Today Apple CEO, Tim Cook said following the serge in Bitcoin: "I think it’s reasonable to own [crypto] as part of a diversified portfolio...I've been interested in it for a while."
• The Square and Twitter CEO Jack Dorsey said: "Our focus is helping Bitcoin to become the native currency for the internet."
• Bitcoin is an open source censorship-resistant peer-to-peer, immutable network.
• Invented by Satoshi Nakamoto, Bitcoin, built on a technology called the Blockchain.
• In a note sent on Monday, Mikkel Morch, executive director at crypto hedge fund ARK36, said a $70,000 price for bitcoin now “seems imminent.”
The virtual unit, created 13 years ago and long regarded as the preserve of internet geeks and hobbyists, has been embraced by many major banks. Bitcoin is more or less mainstream already, with various banks offering clients exposure to it.
Following the surge the Twitter users stormed on the platform and reacted on the news, soon the #Bitcoin was trending on the social media platform.