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Bitcoin churns below $11,000 after briefly clearing highest point in year-plus

After reaching the $10,000 mark for the first time in more than a year Friday, the price of bitcoin briefly surged above $11,000 on Saturday but was struggling to push past the fresh threshold in Sunday trading.

Bitcoin BTCUSD, -3.53% was recently up 0.3% at $10,723.37 Sunday evening Eastern U.S. time, according to CoinDesk. Over the weekend, bitcoin traded as high as $11,307.69 intraday, its highest level since March 2018.

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 193% year to date, with most of the gain coming in the past three months.

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