What news has been happening in the crypto market this week?
Bitcoin rallies past $15,000, 10 hours after it hit $14,000
On Thursday, bitcoin demonstrated impressive results, crossing the shocking $15,000 mark 10 hours after reaching $14,000. The outcome was obtained on the Coinbase exchange on Thursday at 10 a.m. London time, the cryptocurrency traded at $15,200 on the platform.
However, as usual there are considerable price differentials on a variety of bitcoin exchanges. For example, on CoinDesk Bitcoin hasn’t crossed the $15,000 yet.
Bitcoin currently boasts a market value exceeding $256 billion. It means it would rank among the 20 leading stocks in the S&P 500. The fresh jump took place as bitcoin hit $12,000 on Tuesday night in a fast revival from a 20% sag the previous week.
As a matter of fact, the digital currency started 2017 below $1,000. Its revenues have added as investor interest goes up.
Meanwhile, on Sunday Chicago-based Cboe Global Markets is on the verge of launching bitcoin futures, while the world's number one futures exchange, CME is about to roll out its futures product next week.
A lot of political uncertainties are driving the British pound down.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.