Bitcoin surged above US$11,000 (S$14,900) for the first time in 16 months as investors piled in on expectations that Facebook will take its digital currency, Libra, to mainstream users.
The world's largest cryptocurrency has been quietly recovering in recent months following the bursting of the bitcoin bubble after it hit a record high of over US$19,000 in December 2017, only to be followed by a 74 per cent collapse last year.
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