Bitcoin’s (BTC) uptrend gathered pace on Saturday with prices nearly testing $11,500 for the first time in over a month.

A new round of stimulus would likely benefit BTC in at least three ways: 

Buyers stepped in around $10,500 earlier this week after payments company Square announced that it has put some 1% of its assets into bitcoin.

At press time, bitcoin is changing hands near $11,320, representing a 2% gain on the day.



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