The price of one Bitcoin is now worth more than $5000

Share

Bitcoin traders might be feeling good right now: For much of September, Bitcoin's value took a dive, at one point losing about a third of its worth from summer highs.

The price of Bitcoin reached an all-time high, smashing through the $5,000 mark as it rebounds from a short period of uncertainty. Litecoin is the only currency mimicking bitcoin's moments, as it's also up ~ 10% today.

Most merchants that accept crypt coins as a mode of payment prefer Bitcoins over other cryptocurrencies. And as a new asset with a smaller pool of investors, cryptocurrencies are subject to wild swings in value. But he also warned against imposing "too many barriers", which appears to have given bitcoin a boost.

SC asked to declare war vs drugs illegal
Duterte ordered the Philippine Drug Enforcement Agency (PDEA) to be the "sole agency" in charge of his war against drugs. The PNP's Drug Enforcement Group will now be limited to intelligence production and monitoring.

The cryptocurrency is highly controversial, with JP Morgan boss Jamie Dimon saying that it was only suitable for drug dealers, murderers and people living in North Korea.

Up over $1,000 since last month, Bitcoin has risen over 25% within the last 30 days.

"Bitcoin was created to operate outside of the influence of governments and central banks, and is doing exactly that", said Iqbal Gandham, Managing Director at retail trading app eToro, which has seen huge increases in cryptocurrency trading volumes. "So to us, this bounce back in price is no surprise", the analyst added.

Advantage Oil & Gas Ltd (AAV) Moves -1.23%
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.11B. The stock of TORC OIL AND GAS LTD (TSE:TOG) earned "Outperform" rating by RBC Capital Markets on Tuesday, December 15.

"It is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money", he wrote in The Guardian.

But other factors have gotten traders excited: An Oct. 2 Wall Street Journalarticle reported that Goldman Sachs was considering opening a unit focused on bitcoin traders.

Oregon Public Employees Retirement Fund Raised Holding in Jpmorgan Chase Co (JPM)
The company had revenue of $25.50 billion during the quarter, compared to analysts' expectations of $24.38 billion. (NYSE:JPM). The biggest holder now is Mr William Thomas Winters who owns 1,244,921 shares (0.04% of those outstanding), whilst William B.

Share