Just in 12 hours Bitcoin reaches $11,000 from $10,000 milestone




The world's largest digital currency Bitcoin reached $11,000 mark on Wednesday with in 12 hours from $10,000. some of the Wall Street are embracing the run, with more than 100 hedge funds now dedicated to digital currencies. The value of the Bitcoin in circulation has now surpassed $190 billion after the price hit a fresh high of over $11,370 in 12 hours. With increase in Bitcoin the second largest cryptocurrency Ethereum has also hit a new lifetime high of $520. Bitcoin has risen by 75% since October alone, after developers of the technology agreed to cancel update that threatened to split the digital currency. "It feels frothy, of course," said Bob Diamond, chief executive officer of Atlas Merchant Capital, said in a Bloomberg television interview with Frencine Lacqua. "I think the issue here is the disruptive nature of technology" for banks,"Whether it's the application of blockchain, or their core processing, or delivery to customers or clients, financial services today is being disrupted by technology."

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