After bitcoin's rough week, currency strategist marks the next level to watch

Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC's "Trading Nation" that bitcoin's decline over the last week (a loss of a little over 16 percent, according to Coinbase) may spook investors or appear as a dip to buy. But at this juncture, $ 10,000 per …
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A factor driving bitcoin's rally could be that people think owning it gives them social status

Analysts from Bernstein Research compared the recent demand for bitcoin to markets in China's anti-ageing medicine and high-end liquor. Their research considered the characteristics of a Veblen good — a product which gains its appeal from the social status attained by owning it. The analysts also …
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The New York Stock Exchange is looking to list a suite of ETFs that would amplify bitcoin's volatility

The New York Stock Exchange is looking to list a number of funds linked to bitcoin futures on its NYSE Arca venue. The leveraged ETFs, which go long and short, would multiple the spine-tingling volatility of bitcoin. Some products could also expose investors to more risk.
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Bitcoin's Future: While RBI Cautions, Bitcoin Wallet Operators Stay Upbeat

Amid a series of warnings issued by the Reserve Bank of India (RBI) and finance ministry against the growing interest in bitcoins, the cryptocurrency operators continue to stay upbeat about the bitcoin's future in India. There are several experts who called the bitcoin rally a 'bubble set to burst'. European …
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Bitcoin's rise in 2017 stuns even the currency's most ardent backers

Even bitcoin's supporters were surprised by how far the cryptocurrency rose. Starting the year at about $ US970, it rose to nearly $ US20,000 by December, a gain of about 2000 per cent. That was punctuated by five sell-offs of at least 30 per cent, including a fierce sell-off last month that drove prices down …
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Here are the top 10 cryptoassets of 2017 (and bitcoin's 1000% rise doesn't even make the list)

Bitcoin's value grew by more than 1,000% in 2017, but that wasn't enough to even place it among the 10 best-performing cryptoassets of the year. In a breakout year for cryptocurrency trading, the biggest winners were Ripple, which is touted as a new kind of payment system for banks, along with less …
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