Bitcoin surpassed the $11,000 on Saturday for the first time since March 2018.

Cryptocurrency tracking website CoinMarketCap showed that as of 13:50 GMT on Saturday, Bitcoin’s price saw a 12.7-percent growth to $11,081 over a 24-hour period.

Thus, for the first time since March 6, 2018, the cryptocurrency surpassed the $11,000 mark.

According to Arseniy Poyarkov, a member of the Russian lower house council on the digital economy, who heads the BiznesDrom analytic agency, the growth of Bitcoin’s price was boosted by the news about the upcoming launch of the Facebook Libra virtual currency, unveiled earlier this week.

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