Crypto Markets News 

Bitcoin rockets above $5,000 to all-time high

“Though there have been many warnings about a bitcoin “bubble”, including from European Central Bank Deputy Governor Vitor Constancio, some say it has much further to climb” reports foxbusiness.com. By 1245 GMT, bitcoin was trading up 8 percent on the day around $5,200 on Luxembourg-based exchange Bitstamp.Bitcoin, the biggest and best-known cryptocurrency, has chalked up a more than fivefold increase in price this year.”People are just wanting to be part of it,” said Ryan Nettles, head of FX trading and market strategy at Swiss bank Swissquote, which launched bitcoin trading two months ago.On Wednesday Russian President Vladimir Putin warned of the “serious risks” surrounding the nascent market, while Russia’s central bank said it would ban cryptocurrency trading websites.
 
Source: foxbusiness.com



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