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Bitcoin rallies alongside stocks

Published 02/06/2018, 03:33 PM
© Reuters.  Bitcoin rallies alongside stocks
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  • Is Bitcoin just another risk asset now. Alongside a sizable bounce in stocks, the crypto has also pushed aside the panicky action of the past couple of sessions, currently higher by nearly 11% to $7,691.
  • Also helping was Congressional testimony by the SEC and CFTC heads, in which the two didn't seem to be in a hurry to put the regulatory screws to the market. CFTC Chairman Giancarlo: "We owe it this new generation to respect their enthusiasm about virtual currencies with a thoughtful and balanced response, not a dismissive one.”
  • OTCQX:GBTC +18.1%
  • Previously: SEC's Clayton: ICOs need to be regulated like securities offerings (Feb. 6)
  • Previously: Crypto exodus: Bitcoin falls below $6,000 (Feb. 6)
  • Now read: Bitcoin: Not Your Ordinary Bubble


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