30 Sep '17, 6pm

Meanwhile, Bitcoin Soars 40% From Post Dimon, China Lows

Meanwhile, Bitcoin Soars 40% From Post Dimon, China Lows

Whatever doesn't kill bitcoin - and many have tried in the past month to do just that - has a habit of making it stronger, and two weeks after the cryptocurrency crashed 40% from an all time high of $5,000 to less than $3,000 when first China banned ICOs and exchange trading of cryptocurrencies , then Jamie Dimon called it a fraud, the BIS said it has no future unless it is subsumed by central banks , days after South Korea likewise ordered an end to ICOs , the SEC filed the first ever civil charges against companies raising capital through ICOs and Switzerland announced it too was cracking down on ICOs , bitcoin has soared over 40% from its lows, and its price is now back where it was before the Chinese crackdown. ... while ethereum, now back over the resistance level of $300, has staged a similar remarkable rebound despite constant attempts to crush both cryptocurrencues...

Full article: http://www.zerohedge.com/news/2017-09-30/meanwhile-bitcoi...

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