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10/9, 6:32 PM (Source: TeleTrader)
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Bitcoin climbs 5% amid Libra concerns

Bitcoin and most other cryptocurrencies posted gains on Wednesday as facebook's digital currency effort Libra faces scrutiny from United States legislators, with CEO Mark Zuckerberg set to testify before the House Financial Services Committee on October 23.

Libra's partners Mastercard and Visa are also reconsidering participation in the project, according to a Wall Street Journal report.

At 12:30 pm ET, Bitcoin was up by 5.07% to trade for $8,621.00, highest in two weeks.

Breaking the News / NI