Bitcoin soared above $10,000 today, before flirting with $11,000+.

The world's most famous digital currency rose above $10,000 at roughly 07:30 p.m. EDT, before extending these gains in the following hours, CoinDesk reports. To explain the digital currency's recent bullishness, coin watchers have pointed to strong market sentiment, hyped up media coverage and all the excitement surrounding the release of Facebook's libra currency.