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Thursday, December 7, 2017

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Bitcoin continues its ascension and goes above $ 16,000

Cryptocurrency Bitcoin continued its appreciation on Thursday, reaching a value of more than $ 15,000 for the first time in history, following an increase of more than 50% in a single week and now passsses over $ 16,000.

Bitcoin Rise above $ 16,000 and will son hit $20,000 Landmark
At about 10:05 GMT, the virtual currency recorded a record high of $ 15,075.02, after which it fell below the $ 15,000 threshold, according to data provided by the Bloomberg agency.

Right now Bitcoin went above $ 16,000 and rumors indicate it will hit $ 20,000 in just a matter of days.

The virtual currency, Bitcoin which passed the $ 10,000 threshold on November 29, received a new impetus at the end of the week following the decision of the US financial market regulator to allow a number of two operators, the CME Group and CBOE Global Markets, to offer futures contracts in bitcoin.

Also, ASX Ltd., Australia's leading stocks trading platform , has announced it will use blockchain technology to handle bitcoin transactions. According to analysts, this would give new impetus to Bitcoin transactions.

Cause and effect: Bitcoin's meteoric rise, from less than $ 1,000 at the beginning of the year to over $ 15,000, has attracted the attention of regulators around the world. Certain bankers and economists, including the Nobel Laureate for Economics, Joseph Stiglitz, said that this cryptcurrency should be banned.

Blockchain technology uses cryptography to create a digital data log that includes user transactions. In practice, this is a system whereby all transactions are archived and authenticated publicly, without the need for a single information holder, as specialists in the field explain.

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