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The Bitcoin Price Bubble Is Far from Over

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Bitcoin Digital Currency Price Rally Ends as China’s Yuan Rose Sharply

Bitcoin Digital Currency Price Rally Ends as China's Yuan Rose Sharply*/

– A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20% as China’s yuan rose sharply—further evidence of an intriguing inverse relationship between the pair.Bitcoin had gained more than 40% in two weeks to hit a three-year high of $1,139.89 on Wednesday, just shy of its all-time record of $1,163 on the Europe-based Bitstamp exchange .But it dived as low as $885.41 on Thursday as the yuan jumped by over 1% in offshore trading and headed for its strongest two-day performance on record.
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Higher Premiums To Buy Bitcoin Can Factor Into Its Rising Price

Higher Premiums To Buy Bitcoin Can Factor Into Its Rising Price*/

– With a growing market cap and share, a new trend of higher premiums on lesser-known currencies seeking to buy Bitcoin has emerged of late, though it can’t be said to be a major contributing factor driving the rise in its price.The founder of BitcoinAverage, Shaun Gilchrist, believes there have been consistently higher premiums in currencies other than USD such as INR, KRW, BRL, MXN and others.“I’ve noticed historically that when currencies highly focused on P2P markets and those currencies with lower volume start to run away from our global price, upwards movements are likely incoming,” Gilchrist states in a chat with Cointelegraph.
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The Bitcoin Price Bubble Is Far from Over

The Bitcoin Price Bubble Is Far from Over*/

– By Patrick Brik, BAS Published : January 5, 2017Bitcoin: I Hate It, but I Love ItThe media is abuzz about Bitcoin (BTC) and the Bitcoin price, and with good reason.This cryptocurrency is revisiting a major milestone in the price, which was set in November 2013, and the developments—or lack thereof—with regards to the Winklelvoss’s Bitcoin exchange traded fund (ETF) that was once again delayed by the U.S. Securities and Exchange Commission (SEC).Let me make it clear: I am not a fan of Bitcoin itself, but I do like and understand the merits of blockchain technology.
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Bitcoin Price Breaks All-Time High on Chinese Exchanges, Currently Trading at $1275 Level – CoinSpeaker

Bitcoin Price Breaks All-Time High on Chinese Exchanges, Currently Trading at $1275 Level – CoinSpeaker*/

– Bitcoin has gained 123% in 2016, making it the top performing currency for the second year in a row.Having started the upward movement at the end of 2016, bitcoin has just broken its all-time high.As of the time of writing, the cryptocurrency is trading at $1,184, according to the data from Coin Market Cap.
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Bitcoin Ends Day Above $1,000 as Price Mounts Recovery

Bitcoin Ends Day Above $1,000 as Price Mounts Recovery*/

– After falling sharply to a near two-week low today, bitcoin prices are on the rebound.At the close of CoinDesk’s Bitcoin Price Index (BPI) for 5th January, the price of bitcoin was $1,005.82, a figure that was up more than $100 from earlier in the day.At roughly 14:00 UTC, bitcoin suffered a sudden and sharp selloff, plunging close to $200 in a movement that sparked headlines around the globe.
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