Tuesday, 17 October 2017
Latest news
Main » Bitcoin rockets past $5200 price to reach all-time high

Bitcoin rockets past $5200 price to reach all-time high

12 October 2017

As we previously reported, the growth can be linked to several factors ranging from political concerns to a recent split into two currencies - the first being Bitcoin classic and Bitcoin cash. Nettles said interest had been much higher than anticipated and has come from banks, hedge funds and brokers.

The validation of even one Wall Street institution would "change bitcoin" by bringing in lots of big money.

This morning Bitcoin shot past $5,000, and is now hovering around $5,300 - up almost 10% from yesterday. Authorities in Russia also recently addressed the topic, with Russian President Vladimir Putin offering assurances that plans to regulate the currency would place no "excessive barriers" to trading - opening up a major potential market, as Fortune notes.

Rohr Salutes Super Eagles Players for Defying the Odds
Ogba further stressed wherever the Super Eagles will train ahead of the World Cup will be a strict decision of the NFF, adding that the important thing is for the football bosses to do their homework very well in terms of budgeting.

The cryptocurrency is highly controversial, with JP Morgan boss Jamie Dimon saying that it was only suitable for drug dealers, murderers and people living in North Korea. "So to us, this bounce back in price is no surprise", the analyst added.

The price rise of Bitcoin could be as a result of its monopoly in the cryptocurrency market.

"It is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money", he wrote in The Guardian.

Thousands flee and more evacuated as wildfires DESTROY California — California fires MAP
Black tells the Santa Rosa Press Democrat that most of the Oakmont area was evacuated earlier in the day due to rampant wildfires. Authorities say at least 10 are dead, at least 100 are injured and at least 1,500 homes and businesses have been destroyed.

Daniel Murray, global head of research at EFG Asset Management, noted that in 2013, bitcoin soared twelvefold in just four months but within a month had lost a third of its value and four months after its peak had lost 60% of its value.

Unlike a real-world unit such as the USA dollar or euro, bitcoin has no central bank and is not backed by any government.

Trump begins Obamacare dismantling with executive order
The White House will pressure the Congress to finish repealing and replacing Obamacare once and for all, Donald Trump noted. After speaking, Trump almost left the room without actually signing the order, and turned around once reminded by Pence.

Bitcoin rockets past $5200 price to reach all-time high