11/3/2017, 11:14 AM (Source: TeleTrader)
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Bitcoin flirts with $7,500 on widespread adoption

Indications that Inc. may embrace cryptocurrencies in some way in the near future underpinned demand for the most widely watched one in the class. The Bitcoin surged on Friday, finding a record value for the fourth consecutive day in a row, as the benchmark price rose to just under $7,450. However, it has already reached the $7,500 landmark on some of the platforms.

Major Wall Street investors have been entering the digital currency market. Volumes have been dominated by transactions in Japanese yen, but it has slightly decreased to below 60%, against the dollar's rise to nearly 30%.

Lloyd Blankfein, chief executive of Goldman Sachs Group Inc., has said he is open to the Bitcoin despite "a level of discomfort," shifting somewhat from his earlier stance that he is not endorsing nor rejecting it. The major lender's head cautiously added maybe the new system is "a natural evolution of money," in case it finds consensus.

The level was 5.6% up at 11:12 am CET, at $7,412. The Bitcoin bought €6,390, a rise of 5.71% for the day, and spiked 11.11% to 40,600 Chinese yuan. Spinoff cryptocurrency Bitcoin Cash skyrocketed 16.23% to $665.99, after touching $679.99, the strongest point since September 8.

Baha Breaking News (BBN) / IT