Bitcoin reaches new high as it approaches $5,300

Discussion in 'Industry News' started by Calliers, Oct 13, 2017 at 6:12 AM.

  1. Calliers

    Calliers HH's Care Bear Staff Member

    Joined:
    Oct 12, 2004
    Messages:
    30,706
    Likes Received:
    2,003
    Trophy Points:
    139
    Breaking a previous all time high of just over $5,000 in September before falling back down in price, Bitcoin has surged on. With a current market cap of approximately $88 billion, Bitcoin now has a larger market capitalization than the GDPs of nearly three quarters of the world.

    After the beginning of 2017, Bitcoin has had a daily trade volume of more than $100 million. This latest surge in price has occurred as fears of Chinese regulators blocking cryptocurrency exchange sites have dwindled.

    Up over $1,000 since last month, Bitcoin has risen over 25% within the last 30 days. Although it may seem tempting to buy cryptocurrencies in hopes of massive returns, the risks are very high. Cryptocurrency markets can fall just as quickly as they rise making it difficult for novice investors to cash in on the frenzy.

    [​IMG]
    ____________________
    Source: techspot
     
  2. IvanV

    IvanV HH Assassin Guild Member

    Joined:
    Dec 18, 2004
    Messages:
    9,653
    Likes Received:
    1,162
    Trophy Points:
    123

Share This Page

visited