RATE Group | Bitcoin Defies Death Cross, Surging Close To 20%
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Bitcoin Defies Death Cross, Surging Close To 20%

25 Oct Bitcoin Defies Death Cross, Surging Close To 20%

Posted at 19:29h in Bitcoin News by

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Bitcoin, the world’s most prominent digital currency, has been logging some serious gains today as upward movement helps fuel FOMO (fear of missing out).

The cryptocurrency reached as much as $8,762.68 around 1:20 EDT, according to CoinDesk.

At this point, bitcoin had spiked more than 18% from its intra-day low of 7,393.26 reached earlier today, additional CoinDesk figures show.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

The digital currency experienced this sharp rally after Xi Jinping, president of the People’s Republic of China, stated earlier today that his country should “seize the opportunity” offered by blockchain technology.

Bitcoin prices began climbing after he provided…

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