Bitcoin exploded to an all-time high on Friday morning. The cryptocurrency surged more than $120 to a record high of $1,327 a coin shortly before 8:30 a.m. ET. While bitcoin has pulled back from its record peak, it remains firmly bid, up 8.3%, or $99, at $1,291.
Friday’s gains come ahead of the highly anticipated US Securities and Exchange Commission ruling on whether or not it will approve at least one of the three proposed bitcoin-focused exchange-traded funds by a March 11 deadline. Because that deadline falls on a Saturday, a decision may not be announced until Monday, March 13.
Bitcoin has had a volatile start to 2017. It gained more than 20% in the opening week of the year before crashing 35% on rumblings China would begin to crack down on trading. But the cryptocurrency has been able to shrug off news that China’s biggest exchanges started to charge a flat fee of 0.2% per transaction in addition to them blocking customer withdrawals.
Bitcoin gained 120% in 2016 and has been the top performing currency in each of the past two years.
Get the latest Bitcoin price here.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
