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

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.