Bitcoin's price is spiking by 7 percent as traders shake off China fears

[mohammedfelahi]

CNBC
Tae Kim
CNBCSeptember 25, 20173

https://www.flickr.com/photos/tradertim/5909642457/
Image source: Flickr

The price of bitcoin rose sharply on Monday with its price spiking up 7 percent midday, according to CoinDesk market data. The price of the cryptocurrency is up nearly 300 percent year to date. Bitcoin is still under the $4,000 level, which it broke through after JPMorgan CEO Jamie Dimon said on Sept. 12 that the cryptocurrency is a "fraud" that will eventually blow up. In addition, recent reports said regulators in China have ordered bitcoin exchanges to close hurt the digital currency's price. "In my opinion, the markets overreacted to the China news. In the short term, it was bad news, but long term the fundamentals are unchanged," William Mougayar,

Read more: https://finance.yahoo.com/m/392fc82c-3713-3a45-ab33-d7e6eab47848/bitcoin%27s-price-is-spiking-by.html

Comments

[mohammedfelahi]

It crossed $4200 level again.

[mohammedfelahi]

Bitcoin might go higher

[mahmoudh]

[mohammedfelahi]

right

[rebecca80]

nice informations!

[mohammedfelahi]

good

[yandot]

Good job! Thanks for information mate!

[mohammedfelahi]

thanks

[minnowpond1]

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[mohammedfelahi]

thank you

[charles1]

Great info, upvoted..Bitcoin will certainly come back stronger...steem too

[mohammedfelahi]

thank you

[jufrisalam]

Good Info

[mohammedfelahi]

good

[fauzi03]

very useful information. May the dollar steem also go up like bitcoin. I agree with the opinion @william mugayar. Thank you for sharing information @mohammedfelahi:)

[mohammedfelahi]

hope so

[fauzi03]

can we help each other in steemit?

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[mohammedfelahi]

thanks

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[originalworks]

Error.

Thanks for letting me know.

[mohammedfelahi]

this is copy , lol

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[mohammedfelahi]

good

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[mohammedfelahi]

nice