Why Bitcoin Is So Volatile
From : Forbes
When I wrote my first article on the Bitcoin bubble entitled The Great Bitcoin Scam on December 28, 2017, Bitcoin was trading at $15,433.73. As of today, February 9, 2018, about 40 days later, Bitcoin has fallen by more than half and the price is oscillating somewhere between $6,000 and $9,000 depending on the time of day or night. Swings of 10% or greater are sometimes occurring every few hours. For more...
Bitcoin Trades Higher as Equities Bounce Around
From : Market Watch
Cryptocurrency prices climbed Friday, with the No.1 digital currency, bitcoin, trading to around a weekly high at $8,720.
After the previous day’s rally, which pushed bitcoin BTCUSD, +6.02% more than 30% off Tuesday’s three-month low of $5,947.40, gains have been harder to come by with bitcoin trading on either side of $8,000 for the past 72 hours. “Breaking $10k isn’t even out of the realm of possibility,” Jani Ziedins said in a note Friday. For more...
Bitcoins Worth $4.7 Million
From : Fortune
As law enforcement grows increasingly adept at tracking Bitcoin transactions, federal investigators have seized some $4.7 million worth of Bitcoin in what has been described as a “large scale” fake ID operation.
That’s according to the Associated Press, which reports that a district court in Ohio has charged Mark Simon of falsifying identification documents. Authorities seized the cryptocurrencies, along with computers, printers, as well as gold and silver bars inside the home of the alleged fake ID maker. For more...