The price of Bitcoin spikes to $11,200 but three key factors suggest that a short-term pullback is likely as the BTC rally.

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Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout.

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The Crypto Index (CRY) consists of the 5 leading Cryptocurrency pairs in terms of Market Capitalization. These pairs are Bitcoin, Ethereum, Ripple, Bitcoin Cash.

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BITCOIN has surged in price for the second day in a row with the price of each virtual coin far surpassing the $11,000 USD mark – only a day after nudging past $10,000.

This measure is strained by increases in the overall level of consumer prices (aka inflation). It might happen for instance that the value of bitcoin in US dollars goes .

Bitcoin (BTC) price and historical data, covering 1616+ crypto currencies across 90+ exchanges.