Bitcoin Guns for $10,000 as Cryptocurrency Mania Intensifies

(Bloomberg) Bitcoin is showing no signs of slowing down, blowing past $9,000 less than a week after topping $8,000 and now quickly closing in on five big figures. The price of the largest cryptocurrency by market value is soaring as it gains greater mainstream attention despite warnings of a bubble in what not everyone agrees is an asset. From Wall Street executives to venture capitalists, observers have been weighing in, with some more skeptical than others. Bitcoin has risen more than 40 percent over the past two weeks. By comparison, the S&P 500 Index has a total return of about 18 percent for 2017.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply