Bitcoin surges past $10,000 for the first time in a year

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Boosted by a weaker dollar and fresh enthusiasm for cryptocurrencies, bitcoin surged past $10,000 for the first time in a year. The cryptocurrency is known for its volatile price swings. Between late 2016 and 2018, investors watched as bitcoin soared from just a few hundred dollars to more than $20,000, before plunging back down. Then, late Friday, it reached the $10,000 mark for the first time in over a year, according to Coinbase. Bitcoin owes its latest ascension to a weaker dollar and Facebook's new digital currency, Libra.


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