RATE Group | Bitcoin defies the cryptodoubters with $1,200 rally | Business
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Bitcoin defies the cryptodoubters with $1,200 rally | Business

21 Jul Bitcoin defies the cryptodoubters with $1,200 rally | Business

Posted at 05:46h in Bitcoin News by

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Bitcoin has rallied by 20 per cent in the space of a week to its highest point since early June after bullish commentary from investment managers and news that Blackrock, the world’s largest asset manager, could enter the digital currency market.

The world’s most popular digital currency was trading at $7,467.01 last night, up from $6,217.61 a week ago. The last time that it was trading higher was on June 9, when it was at $7,497.34.

Digital or cryptocurrencies, such as bitcoin, exist only as strings of computer code and have no physical form. Most were launched with the goal of becoming decentralised currencies out of the reach of regulators and many, particularly bitcoin, have been used for illegal trading on the “dark web”.

Today…

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