Bitcoin Breaks Above $11,000 Threshold in Fourth Day of Gains
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Bitcoin climbed for a fourth day, accelerating a rally that began when it bounced off a technical support level.
The biggest cryptocurrency rose 11 percent to $11,200 as of 11:51 a.m. in New York. That brought its increase to 57 percent since Feb. 6, when it began rebounding from a 200-day moving average, according to prices compiled by Bloomberg. Bitcoin outperformed its closest rivals -- Ripple, Ethereum and Litecoin -- which gained less than 4 percent.