Investing
Bitcoin Returns to Post-Bubble Levels Last Seen in Early 2018
- Faithful say this time is different after price surge
- Interest from traditional financial groups cited as a catalyst
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Bitcoin advocates say this time will be different as the virtual coin surges back to price levels last seen in the wake of the cryptocurrency market collapse almost three years ago.
The largest digital coin has jumped more than 25% this month and grazed $13,858 on Wednesday, the highest since January 2018. It’s been quite a ride since the bubble burst: From an all-time high in December 2017 of nearly $20,000, Bitcoin tumbled to as low as $3,136 within a year.