Economic news

Bitcoin climbs above $11,000

Bitcoin recouped slightly its losses on Thursday, climbing above $11,000 on Thursday, as the most popular digital currency tried to recover after its first drop below $10,000 since December.

Bitcoin’s spot price edged up 4.2% to $11,609.32. Among other major cryptos, Ether coins rose 1.75% to $1,033.07.

Cryptocurrencies are coming under pressure as financial regulators across the world assesse a potential ban on the industry due to high volatility and the speculative bubble.

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