Bitcoin soars above $23 000 as more Wall Street firms pile in afghanistansun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afghanistansun.com Daily Mail and Mail on Sunday newspapers.
By Joanna Ossinger
Bitcoin breached $23,000 for the first time in history as more Wall Street names crowd into the the world’s largest digital currency up 220 per cent this year. As momentum builds, analysts predict more gains ahead.
The digital coin jumped more than 9 per cent on Thursday, touching a high of $23,256.92, according to a composite of prices compiled by Bloomberg. Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in South Korea, Japan and China climbed.
The rally in digital assets is polarizing opinion, given Bitcoin’s history of boom and bust. Proponents argue the cryptocurrency is muscling in on gold as a portfolio diversifier amid dollar weakness and potential inflationary pressure. Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.
Bitcoin soars above US$23,000 as more Wall Street firms pile in
Joanna Ossinger, Bloomberg News VIDEO SIGN OUT
As momentum builds, analysts predict more gains ahead.
The digital coin jumped more than nine per cent on Thursday, touching a high of US$23,256.92, according to a composite of prices compiled by Bloomberg. Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in South Korea, Japan and China climbed.
The rally in digital assets is polarizing opinion, given Bitcoinâs history of boom and bust. Proponents argue the cryptocurrency is muscling in on gold as a portfolio diversifier amid dollar weakness and potential inflationary pressure. Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.
Bitcoin soars above US$23,000 as more Wall Street firms pile in
Joanna Ossinger, Bloomberg News VIDEO SIGN OUT
As momentum builds, analysts predict more gains ahead.
The digital coin jumped more than nine per cent on Thursday, touching a high of US$23,256.92, according to a composite of prices compiled by Bloomberg. Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in South Korea, Japan and China climbed.
The rally in digital assets is polarizing opinion, given Bitcoinâs history of boom and bust. Proponents argue the cryptocurrency is muscling in on gold as a portfolio diversifier amid dollar weakness and potential inflationary pressure. Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.
El Intransigente
Bitcoin soars above $23,000 as more Wall Stree firms pile in
Largest cryptocurrency has jumped about 20% this week. Question remains whether the climb will gave way to a bust.
Compártelo:
Bitcoinbreached $23,000 for the first time in history as more
Wall Streetnames crowd into the the world’s largest digital currency up 220% this year. As momentum builds, analysts predict more gains ahead. The digital coin jumped more than 9% on Thursday, touching a high of $23,256.92, according to a composite of prices compiled by Bloomberg. Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in