http://ift.tt/2yiBen6 Market Extra: Bitcoin soars to a new all-time high above $5,100
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Bitcoin was soaring Thursday, hitting a new all-time high above the $5,100 mark.
The cryptocurrecy
on Thursday recently was up by 6% at $5,144 after earlier touching an intraday high around $5,168, according to CoinDesk data.
Analysts were struggling to explain the rally.
Some attributed the jump to speculation that China will allow bitcoin trading to resume by licensing exchanges for cryptocurrencies, but initial reports about that possible move came last week. Beijing last month moved toward a broad clampdown on bitcoin trading, helping to put pressure on prices for virtual currencies.
Bitcoin fans on Twitter were cheering the jump…
wohooo.. new $BTC ATH!
WELL DONE CRYPTO FAM! http://pic.twitter.com/toAeCwUhQr— Rafty (@donrafty) October 12, 2017
…and also trashing talking:
U thought regulating it will assure the price , but you don’t know it’s everybody’s believe ..it’s $BTC #Btc It’s our money #Blockchain🤑🤑 http://pic.twitter.com/6Um3ePUJH2
— Jajapump (@jajapump) October 12, 2017
Bitcoin’s prior all-time high came in early September, when it briefly traded slightly above the $5,000 level.
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October 12, 2017 at 06:51AM