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Bitcoin Price Smashes Past $11,000 – Should Traders Fear a Dump?
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Bitcoin Price Smashes Past $11,000 – Should Traders Fear a Dump?

The bitcoin price rally refuses to let up, and the dominant cryptocurrency just soared above $11,000 for the first time since March 2018.

Bitcoin Price Rushes to 15-Month High

Around 12:00 UTC, investors bid the bitcoin price up to $11,215.89 on US cryptocurrency exchange Coinbase. The move pushed the asset up by 13 percent for the day, launching its month-to-date gains above 30 percent. The past 24 hours also saw bitcoin’s “real 10” volume, which eliminates suspicious trades, swell to $2.58 billion.

Following the upside move, the bitcoin price is now trading just 45 percent lower than its all-time high near $20,000, established in December 2017. Furthermore, the cryptocurrency has recovered by 260 percent from its 2018 low of $3,126, including a year-to-date return of more than 200 percent.

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