Title: [2017-06-07] Bitcoin surges 8% to record near $3,000 before giving up some gains Post by: elite3000 on June 07, 2017, 03:26:22 PM
Bitcoin surged more than 8 percent at one point on Tuesday to a record, breaking above $2,900. The digital currency hit a high of $2,967.48 earlier in the session before giving back some gains to trade at $2,779.67, according to CoinDesk. The cryptocurrency came off its record shortly after Mark Cuban said it was in a bubble. The Bitcoin Investment Trust (GBTC) fund, which tracks bitcoin, rose 3.3 percent and traded record highs. Ethereum, an alternative cryptocurrency to bitcoin, also rose on Tuesday, advancing nearly 3 percent to build on Monday's record-setting session and its massive year-to-date gains. Bitcoin has also had a stellar year, rising nearly 200 percent, easily outperforming stock market benchmarks like the S&P 500 and the Nasdaq composite in 2017. Entering Tuesday's session, the S&P and Nasdaq had risen 8.81 percent and 16.9 percent for the year, respectively. more: http://www.cnbc.com/2017/06/06/bitcoin-surges-to-new-record-rising-above-2900.html |