Bitcoin above $12,000

The cryptocurrency surpassed yet another expectation by investors.

Economic News
06 thg 12, 2017
Bitcoin above $12,000

The last time we reported on Bitcoin, we mentioned that since the initial expectations of investors that the cryptocurrency might reach $10,000 were met in November, their revised prognosis for the end of the year was passing the level of $12,000. Even though December just began, this has already been achieved - Bitcoin surged above $12,000 earlier today.

The new upward push for Bitcoin came after we learned that in the United States regulation will allow Bitcoin futures will be officially allowed to be traded by CME and CBOE. This is another step towards regulating cryptocurrencies as another kind of securities, bringing acceptance levels towards the novelty trading tool up.

Nevertheless, some economists have doubts regarding the real value of Bitcoin, which by its nature is not tied to the value of anything else, not like currencies or commodities are. Some have suggested that a bubble is being built around Bitcoin, the bursting of which could happen at any time. Still, the increasing regulation for the cryptocurrency should have the effect of calming these fears in the future.

SuperForex
Bears Played Against the Pound

Economic News

Bears Played Against the Pound

Brexit negotiations continue.

SuperForex
05 thg 12, 2017
Strong Europe, Bad Brexit

Economic News

Strong Europe, Bad Brexit

Brexit talks stalled again, meanwhile, the eurozone is booming.

SuperForex
05 thg 12, 2017
Dollar Surges on Tax Reform

Economic News

Dollar Surges on Tax Reform

The USD kicked off aganst major currencies, but only made moderate gains.

SuperForex
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