Tuesday May 26, 2020

Bitcoin’s worth surges on back of Libra announcement

Having hit a 2019 high in late June, bitcoin nearly surpassed it last week before falling slightly in the wake of comments by the US Federal Reserve chair about the challenges ahead for libra

Emmet Ryan

Technology Correspondent

@emmetjryan
14th July, 2019
Bitcoin: on the rise Pic: Sopa Images

The summer surge in the value of bitcoin and other crypto-currencies has been heavily influenced by Facebook’s announcement of libra last month, according to Irish blockchain experts.

Having hit a 2019 high in late June, bitcoin nearly surpassed it last week before falling slightly in the wake of comments by the US Federal Reserve chair about the challenges ahead for libra.

“There is no doubt that increased exposure and mainstream endorsement in the form...

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