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bitcoin soars above $19,000, banks raise risk concerns

bitcoin soars above $19,000, banks raise risk concerns Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



bitcoin soars above $19,000, banks raise risk concerns

the price of bitcoin swung wildly today, rising to more than $19,000 only to fall sharply within minutes, as the frenzy surrounding the virtual currency escalated just days before it starts trading on a major us exchange.the frenzy even has parts of wall street concerned. a group of banks came out and complained that federal regulators approved bitcoin futures, which begin trading on sunday, too quickly and without properly considering the inherent risks in the virtual currency.at 1:05 p.m. est, bitcoin was valued at $16,825, according to coinbase, after briefly surging above $19,000 this morning.at the start of the year, one bitcoin was worth less than $1,000.coinbase, the largest bitcoin exchange, at one point tweeted that record-high...