The virtual currency's price has run up very fast and experts feel a correction may be around the corner
With debate over its bubble status still raging, the flagship cryptocurrency continued its march higher on Monday, solidifying above $11,000
By 1310 GMT on Monday, bitcoin had slipped back to around $10,919, down 2 percent on the day
'Venezuela will create a cryptocurrency, backed by oil, gas, gold and diamond reserves,' Maduro said
It has been a volatile week for the biggest and best-known cryptocurrency
One reason for the up move continuing going ahead, Wood cites in his weekly note GREED & fear, is that the retail participation has just started to kick in
One wealth manager said technical chart analysis was predicting deeper falls
Cryptocurrencies are decentralised, meaning that they are issued without a central administering authority
Some on Wall Street are embracing the run, with more than 100 hedge funds now dedicated to digital currencies
bitcoin uses encryption and a blockchain database that enables the fast and anonymous transfer of funds
The cryptocurrency has climbed 10-fold so far this year
Bitcoin has seen another frenzy of buying as the fear-of-missing-out trade bites even harder, says Chris Weston, chief market strategist at IG Group
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$10k is on the cards and bitcoin seems to be straining at the leash to reach it : Analyst
Cryptocurrencies holders have a claim on a private, rather than a public entity, which could go bust or stop functioning
A sharp uptick in the US dollar demand from importers and banks amid rising prospect of Fed rate hike by the end of this year largely dominated trading sentiments
Too much hype could be the sign of a cryptocurrency bubble
New high came after leading US payments company Square Inc said late last week that it had started allowing select customers to buy and sell bitcoins on its Cash app
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Bitcoin has split investors over the viability of the volatile cryptocurrency