Bitcoin hits highest price this year, above $10,000, as Fed's Powell discusses cryptocurrencies
Bitcoin has seen a more than 44% increase from the start of the year and also logged its best January performance in seven years.
Industry participants attributed uncertainty around the coronavirus as well as recent comments by Federal Reserve Chair Jerome Powell to bitcoin's rise in the past 24 hours.hit its highest level this year and also in five months on Wednesday, jumping above $10,000 and continuing the recent bull run for the cryptocurrency.
In the early morning on Wednesday, bitcoin hit $10,489.78, the highest price it has logged since September, according to data from Coindesk. That's a more than 44% increase from the start of the year. It comes after bitcoinIndustry participants have attributed a number of factors to the rise of bitcoin, including some investors viewing the cryptocurrency as a sort of safe-haven asset in times of uncertainty.
"External factors contributing to the rise above $10K include global uncertainty around the Coronavirus outbreak," Vijay Ayyar, head of business development at cryptocurrency exchange Luno, told CNBC by email. The new coronavirus, which originated in Wuhan, China, has claimed the lives of over a thousand people with the number of
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