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Saturday, May 20, 2017

Bitcoin jumps to fresh record near $1,900 amid increased political risk

Bitcoin jumps to fresh record near $1,900 amid increased political risk

The digital currency bitcoin jumped to a fresh all-time high Thursday as global investors looked for safe haven trades. Increased interest from Asia also helped boost the digital currency.

Bitcoin rose more than 3.5 percent to hit a record of $1,875.08, according to CoinDesk.

One of the reasons for the move was "buying as a hedge against political chaos," said Brian Kelly, CEO of BKCM, which runs a digital assets strategy.

Major stock markets dropped in the last two days as separate reports of potential scandals in the U.S. and Brazilian presidencies rattled investors.

Full story at http://cnb.cx/2pW616I

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