Bitcoin recovery, its height to more than $ 11,000
The currency of the Pitcairn rebounded Wednesday in Asia and rose to more than 11,000 dollars, after falling to 9728.50 dollars overnight.
The last time the Pitcairn was traded at $ 11,388 by 11:45 pm Eastern Time (0345 GMT), up 8.9%.
The Pitcairn currency began a free fall on Thursday and fell nearly $ 4,000 from last week’s highs.
The volatile currency has seen a remarkable shift this year and has risen 200% so far, despite the recent decline. Yet still well below the record highs of around $ 20,000 reached in December 2017.
This was largely due to Facebook announcing its encrypted currency known as Libra, which it plans to launch in 2020.
Other major currencies were also traded today.
Ethium rose 2.6% to 296.35, while Litcoin rose 1.5%.
However, the riyal fell 0.8% to hit 0.40247.
In other news, though not a directional drive, the Bank for International Settlements (BIS) announced this week that it is creating the Vientak Financial Technology Innovation Center.
“It may be faster than we think in a market and we have to create our own digital currencies,” said Bank of International Settlements director general Agustin Carstens.
“There has to be a demand for the central bank’s currencies and it is not clear that the demand exists so far,” Carstens told the Financial Times. “People can do what they want with electronic portfolios provided by banks or high-tech companies, which depends on the development of special stable currencies.”
According to the statement, the Bank for International Settlements will be established in Switzerland, Hong Kong and Singapore.
According to Bloomberg, central banks, including Sweden, are currently looking into introducing their own virtual currencies.