Bitcoin Hits Fresh Record Highs on Rumors of Chinese Ban Reversal

Bitcoin hits another record high as it climbs above $5 000

Bitcoin hits another record high as it climbs above $5 000

Most merchants that accept crypt coins as a mode of payment prefer Bitcoins over other cryptocurrencies.

Bitcoin's October rally continued today, enabling the flagship cryptocurrency to finally burst through the $5,000 checkpoint for the first time since briefly touching that mark on September 2. It traded as high as $5,226, an all-time high.

The digital currency started off the year worth $966 and has increased in value by a massive 750 percent over the past year.

United States flies strategic bombers over Korean peninsula
Deputy Secretary of State John Sullivan on October 18 in Seoul, according to Seoul's foreign ministry. The minister also lashed out at a tough new package of United Nations sanctions brought in last month.

Typically for bitcoin, which at less than nine years old is still highly volatile and illiquid compared with traditional currencies and assets, the precise reason for its recent tear was unclear. On Wednesday, Russian President Vladimir Putin warned of the risks surrounding the cryptocurrency market.

The news come a month after China clamped down on bitcoin-related activity, ordering domestic bitcoin exchanges to cease operations.

The primary factor driving the bitcoin price's record rally appears to be skepticism that the controversial SegWit2x hard fork will be executed in November, or, that if it is deployed, the resulting blockchain will not be able to compete with the incumbent Bitcoin network.

The Charles Schwab Corporation (NYSE:SCHW) Updated Broker Ratings
It is positive, as 61 investors sold SCHW shares while 245 reduced holdings. 80 funds opened positions while 318 raised stakes. It improved, as 14 investors sold KLIC shares while 56 reduced holdings. 50 funds opened positions while 196 raised stakes.

This news comes after the head of JP Morgan called out the cryptocurrency as a "fraud", but after a slight drop in the value of Bitcoin, the valuation of the cryptocurrency has increased by 75% in the last four weeks.

"It is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money", he wrote in The Guardian.

Amitabh Bachchan, Alia and Ranbir to come together for Karan Johar's Brahmastra
This will be the third time Ranbir will be collaborating with Ayan, after "Wake Up Sid" and " Yeh Jawaani Hai Deewani ". Amitabh Bachchan meanwhile, is busy shooting for Thugs Of Hindostan which also features Aamir Khan.

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