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Principale » Bitcoin reaches new high as it approaches $5300

Bitcoin reaches new high as it approaches $5300

13 Octobre 2017

At the time of writing this, Bitcoin's value is $5,163.

For those who are looking to take advantage of Bitcoin and other cryptocurrencies price fluctuations, Some brokers provide traders with instant access to trade Bitcoin, Bitcoin Cash, Ethereum and other cryptocurrencies. "China represents more than 60 percent of trading and the question of their regulation, as everywhere, has made a bigger impact", said Greg Revenu, of Bryan, Garnier & Co. Last month, China - followed by neighboring South Korea - banned cryptocurrency exchanges across the country and also impose ban on initial coin offerings (ICOs). That represented a gain of more than 13 percent and no doubt had to do with the ethereum fork, which has been handled with much less contention than bitcoin's wars.

The Block Tribune Volatility Index, which measures price swings in bitcoin, was again unusually high at BTVI 63.9, another day of major boosting compared to the past few weeks.

Bitcoin is not generally recognised as a currency - lacking a home country, central bank or treasury - although its real world use is constantly increasing.

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Bitcoin exchange Coinbase has announced the addition of instant purchases for transactions made with a USA bank account, enabling investors to buy bitcoin, ethereum, and litecoin instantly without having to wait for the bank transfer to clear.

Another factor that may have helped propel the virtual currency to its current position is Russian Federation. Some of the key stakeholders of the financial industry have also shown support and trust in Bitcoin. For example, rumors circulated last week that Goldman Sachs was preparing to open a "Bitcoin desk" for trading cryptocurrency.

Some converts say bitcoin's value could go to dizzy heights like $100,000 or even $500,000, although experts from Mirabaud Securities in Geneva said the commodity may now in a "bubble zone" which could burst.

Bitcoin reaches new high as it approaches $5300