Bitcoin, Ethereum, Ripple Latest News
Cryptocurrencies are bouncing back strongly after a sell off earlier in the week.
Bitcoin gained over 16 percent on the day, and was trading above $12,000 at 12:35 GMT. This is still well below its $20,000 record.
Ethereum once again surged above $1,000. The cryptocurrency is up by a third this year, but has declined almost $400 from this year’s peak.
Ripple enjoyed the biggest gains among top 10 currencies on the list, trading up 49 percent at $1.58.
Intercontinental Exchange (ICE) said on Thursday that, together with startup Blockstream, it is launching a service to send data on cryptocurrency exchanges to Wall Street traders.
This may be a sign that more institutional investors are considering digital money as a serious investment. The service would collect information from more than 15 cryptocurrency exchanges around the world and deliver it to traders.
The surge on Thursday was preceded by a massive sell-off, which erased more than $200 billion from the market. On Tuesday, an official from the People’s Bank of China said the country’s centralized virtual currency trade needed to end, Reuters reported. China is crucial for bitcoin and other cryptocurrencies, being one of the key markets. Beijing has already banned initial coin offerings (ICOs).
On Tuesday, an official from the People’s Bank of China said the country’s centralized virtual currency trade needs to end, Reuters reported, the individual making the claim was not a person with authority to make any laws, he was just another attention seeking politician making noise.
GBIT is a cryptocurrency that is based off of the principles of a central bank. In short, it was created to help the investor obtain wealth. It’s the only coin with two planned forks that increase an investor’s coin count.
The following example is a representation of how the G-BIT forks work based on the minimum investment of $1,000 for founders coins using the current G-BIT price for value.
G-BIT founder’s coins are available and can be purchased with a minimum investment of $1,000 for 40 coins @ $25 per coin. Each investor must fill out an application for founder’s coins before the coins can be issued.
Got questions on Bitcoin, Ethereum, Ripple or BitConnect? G-BiTX has the answers, the company has launched a channel on Telegram to help people navigate the world of CryptoCurrencies.
Join the Channel Now, Click Here
Latest posts by S. Jack Heffernan Ph.D (see all)
- Asian Market Update - October 25, 2019
- American Airlines Up, Evidence the Trump Economy is Strong - October 24, 2019
- Google Under Siege in France - October 24, 2019