Cryptos: Bitcoin continues its rally, pokes above $11,000 level

A day after reaching the $10,000 mark for the first time in more than a year, the price of bitcoin briefly surged above $11,000 on Saturday.

Bitcoin BTCUSD, -0.91% shot up 7%, topping $11,100 in Saturday morning trading, according to CoinDesk, its highest level since March 2018. The price fell as the day went on, and was last trading around $10,650 at 5:30 p.m. Eastern.

It was the third price milestone in a week, after the world’s largest cryptocurrency topped the $9,000 level for the first time in 13 months last Sunday.

Bitcoin’s price is up 186% year to date, with most of the gain coming in the past three months.

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