Bitcoin is back above $4000, having gained 37% in just 3 days

in #bitcoin7 years ago (edited)

The Bitcoin price has breached the $4000 dollar mark just a few hours ago and is now being traded at nearly $4100. That's a 37% gain from the low of $2972 just 3 days ago. How fast can it go! I hope you have taken advantage of the buy opportunity last Friday.

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7 Day Change

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Latest Crypto News - September 18, 2017

$4,000: Bitcoin's Price Shrugs Off China Exchange News

Bitcoin's price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
Read more: coindesk.com

Japan Becomes Largest Bitcoin Market as Traders Leave China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.
Read more: cointelegraph.com

What Jamie Dimon Got Wrong About Bitcoin and Tulips

The problems cryptocurrencies help solve will not disappear if their prices collapse the way tulip futures did in the 17th century.
Read more: bloomberg.com

Bitcoin price bounces back by nearly $1,000 as market moves on from recent drama

The price for the digital currency bitcoin is recovering after suffering a massive drop last week.
Read more: cnbc.com

Major Chinese bitcoin conference flees to Hong Kong as government cracks down on cryptocurrencies

A major bitcoin conference has suddenly jumped from China's capital to Hong Kong — which has greater freedoms than Beijing — in the face of a Chinese government crackdown on cryptocurrencies.
Read more: cnbc.com

BIS Report: The world's central banks need to start thinking seriously about Bitcoin

Global central banks must think seriously about their approach to the growing cryptocurrency markets, the Bank of International Settlements (BIS) said.
Read more: businessinsider.com

LocalBitcoins Global weekly volume hits new record

LocalBitcoins volume in China jumps 3X as exchanges in China start closing down. But it's not only China. This chart shows LocalBitcoins global weekly volume. A huge record!

Source: coin.dance

South Africa Pick n Pay Online Retailer to Accept Bitcoin

In what is called one of the largest wins for Bitcoin in the country, the Pick n Pay in Cape Town will accept the cryptocurrency for payments starting today.
Read more: cointelegraph.com

The Bitcoin Cash Network Continues to Grow With an Ambitious Roadmap

It’s been over forty-eight days since the hard fork, and the Bitcoin Cash (BCH) network is alive and well. As the blockchain’s days continue, BCH developers have been revealing the upcoming plans to improve the cryptocurrency’s protocol.
Read more: bitcoin.com

Ethereum Price Heads Toward $300 as Korean Trading Volume Swells

The Ethereum market is always an interesting creature to keep an eye on. To this day, it is still the best-performing cryptocurrency which initially started out as a cryptocurrency ICO. Surpassing the growth Ethereum has seen over the past few years will be very difficult, to say the least. Right now, the Ethereum price is trying to climb back to $300.
Read more: themerkle.com

Russian Central Bank Strikes Restrictive Tone on Cryptocurrency

The chief of Russia's central bank has reportedly spoken out against regulation that would classify cryptocurrency as a traditional financial instrument.
Read more: coindesk.com


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It's good to see BTC recover from the FUD narrative being pushed by Jamie Dimon and the Chinese governments ban on exchanges. Just goes to show BTC does not need China, BTC will continue to thrive regardless.

Great to see the crypto is bouncing back a bit.

Stupid China lol

do you know , what is the strength of BitCoin???

  1. With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
  2. You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
  3. You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
  4. Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
  5. Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.
  6. Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
  7. Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.
  8. Bitcoin can be backed up and encrypted to ensure the safety of your money.
  9. With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
  10. Your public address is what is visible; however, your personal information is not tied to this.
  11. Anyone at anytime can verify transactions in the Bitcoin block chain.
  12. Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
  13. Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
  14. Due to the fact that Bitcoin transactions cannot be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that might occur from fraud.
  15. With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.

I really like the way you laid this out.

appreciated!

So much for JP Morgan's boss high cries :)

sir, @penguinpablo. you shared a news with full of excitement and intrest. very nice to hear that Bitcoin has back and gained 37% in 3 days, great. and thanks for sharing

Sweet charts, thanks!

Yep!!
I'm all strapped in and ready to go......Hang On!!!

First round : 1-0

I love the daily news, keep it coming @penguinpablo