[2017-03-10]Bitcoin Price Spikes Above $1,300 as ETF Decision Nears

[Kemarit]

Bitcoin Price Spikes Above $1,300 as ETF Decision Nears


Bitcoin prices saw a significant price spike this morning, briefly shooting above $1,300 to hit a new all-time high.

Markets peaked at an average of $1,325.81, according to the CoinDesk Bitcoin Price Index (BPI), before falling sharply back below that level to hit a daily low of $1,178.54 – a change of roughly $133 within minutes. The price drop appears to have been seen most directly on digital currency exchange Bitfinex, reaching $1,120, BPI data shows.

At press time, the price is an average of $1,263.98, BPI data shows.

The price developments come as the US Securities and Exchange Commission nears a decision on a rule change that would clear the way for a proposed bitcoin exchange-traded fund (ETF). That decision is expected today, though as of press time, the agency has yet to release any information regarding the ETF.

Full Read Here: http://www.coindesk.com/bitcoin-price-spikes-1300-etf/

[richardsNY]

Coindesk is one of the largest Bitcoin and crypto related news sites, but still they point at the ETF approval decision to come through today. Days ago it was already clear that it is shifted to Monday, March 13th. How amateurish.... It basically shows that they just drop something on the internet without re-checking their article to ensure everything is as they write it is.

Edit: It seems they were right. I just don't understand how the SEC came up with March 13th.... It may also have been an attempt to confuse/manipulate people. Weird stuff.