Price of Bitcoin Shoots Over $6.3K

Written by:
Aaron Goldstein
Published on:

Bitcoin continues to climb Friday, hitting a peak of $6344 during the early morning hours.  This represented a near 4% increase.

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Bitcoin and similar cryptocurrencies now account for nearly 70% of all online gambling operations in so-called "grey markets" or those with restrictions including the United States where banking measures have made transferring of funds difficult over the past decade.

Bitcoin has managed to move up 20% over the past 30 days.

Bitcoin has managed to add nearly 7% over the last three-day trading period even after approximately $40 million of bitcoin (some 7,000 of the digital tokens) was stolen from the Malta-based Binance exchange.  It is considered to be the world's largest Bitcoin and cryptocurrency exchange in terms of overall volume.

- Aaron Goldstein,

Business/Financial News

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