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Tuesday, October 10, 2017

Bitcoin is back above $4,500 for the first time in a month

Bitcoin is back above $4,500 for the first time in a month

It marks the first time bitcoin has been above $4,500 since early September and continues a rally that began on Thursday.

Commenting on the rally on Friday, Mati Greenspan, a senior market analyst at trading platform eToro, said: "European regulators have been cracking down on all things crypto lately and are considering introducing more regulatory framework that could hamper the growth of blockchain based assets.

On the other hand, Brazil's biggest financial firm [XP Investimentos] has announced that they plan to add bitcoin trading for their clients. In Japan, where Bitcoin has been fully legalized as of April, a large energy supplier called Remixpoint has now added the option for their clients to pay in Bitcoin. This move is actually very strategic, not as much for retail customers as for corporations.

Full story at

Source: Business Insider Nordic

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