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Bitcoin plunges below $11000 – BTC pulls back gains after surging toward $14000

Bitcoin plunges below $11,000 – BTC pulls back gains after surging toward $14,000

Renewed interest in digital currencies has been sparked over the last week after Facebook announced plans for its Libra cryptocurrency, analysts said. Bitcoin has been steadily rising since April and had rocketed by more than 260 percent this year. However, BTC still remains below its all-time high of nearly $20,000 (£15,781) hit in December 2017.