To the moon: Bitcoin price exceeds $6,000

Bitcoin price hits new all-time high at $6,054 mark
21 October 2017   1520

On October 20th, the Bitcoin price achieved a new all-time high at $6,054. 

Bitcoin price chart on bitcoinwisdom.com
Bitcoin price chart on bitcoinwisdom.com

As shown from the chart of the Bitfinex exchange, the highest volume BTC/USD exchange, in the last few hours there has been an abrupt increase in trading volume, thanks to which the price of "digital gold" has surged.

Indeed, it seems like hardly anything can stop Bitcoin: in the last month, China banned ICOs and Bitcoin exchanges, South Korea banned ICOs, while the US SEC stepped up scrutiny of ICOs. And nothing of it really matters. 

Bitcoin price chart on coinmarketcap.com
Bitcoin price chart on coinmarketcap.com

At the time of writing, the top cryptocurrency price is just slightly lower and is about $5979.76, its market capitalization is $99,479,508,611.

Obviously, rates are rising in anticipation of the upcoming hardfork. We'll keep you updated. 

SEC to Decide on Bitcoin ETF until Feb 27 2019

Despite this news, Bitcoin price hit another bottom - $3400 this time
07 December 2018   100

The US Securities and Exchange Commission (SEC) issued a notice stating that consideration of a decision on an application to start Bitcoin-ETF from VanEck and SolidX with the assistance of CBOE will last until February 27 of next year.

According to the SEC rules, the period for consideration of this decision cannot be extended yet. Thus, the Commission on maximum uses the allotted time, and February 27 will be the final date for the decision on this application.

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.
 

Securities and Exchange Commision

According to representatives of the SEC, to date, the Commision has received more than 1600 comments on this application.

Despite this news, Bitcoin price hit another bottom - $3400 this time.