Bitcoin ends its happiest week at record rates
2017-11-03 05:56 pm | No Views : 266
The electronic currency "Bitcoin", was able to end this week in complete peace, achieving the highest level for the first time ever since the beginning of trading in the Forex markets.
The currency continued its record highs and climbed to a record high of $ 7,400 for the first time ever.
Bitcoin rose 4.4% to $ 7,413.6. Bitcoin rose to above $ 7,000 during yesterday's trading for the first time ever.
Since the beginning of the week, the electronic currency has risen by $ 1,700, or 28.5%.
The most popular electronic currencies also rose, with Bitcoin cash jumping 16.3% to $ 670.7, and Ethereum increasing by 3.7% at 293.7 points.
The total market capitalization of electronic currencies exceeded $ 200 billion to $ 200.7 billion.
The digital currency hit $ 5800 at the end of last Friday, according to data from the CoinDec.
With gains this week, the market value of Bitcoin exceeded $ 123 billion, dominating the largest share of the digital currency market, which is worth just over $ 190 billion.
The gains come despite the criticisms of digital currency from financial leaders, most recently by the head of Credit Suisse, who described the "Bitcoin" as the exact example of speculations and bubbles, saying that banks are afraid to approach them because of the suspicious work that relate to them.
The currency has gained more than 500% since the beginning of the year, a gain that exceeds all the assets offered for trading, but the currency is very volatile.
In recent months, the currency of the country has received international support, with some major financial institutions accepting it. Since March, several countries, including Japan, have partially curtailed buying and selling.
The state of Vanuatu, the fourth most happy country in the world, according to the World Happiness Report, has allowed KFH to use its investors to acquire its nationality, according to a recent report by Bloomberg.
A report by the agency itself revealed early last month that Goldman Sachs plans to regulate trading mechanisms in the currency of Bitcoin.
According to traders, those who put their money or fought on the currency of the "Bitcoin" earned more than five dollars in every dollar they put in since the beginning of the year, where the price of the unit "Bitcoin" at the beginning of the year $ 1000, meaning that the profit of investors rose during The nine and a half months by 500%, a crazy profit not seen by investors in recent history.
"Bitcoin" is an electronic currency that has no physical alternative. It is traded online only, and there is no central regulator behind it, but it can be used as any other currency to buy online, according to a Reuters report. The 2008 financial crisis is a substitute for official paper currencies.
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