Bitcoin prices rose to a two-month high on Thursday due to news that Goldman Sachs is promoting bitcoin trading. Adding to the joy is: Square's latest report mentioned that one of the clues showed that in the previous quarter the company received $34 million in revenue related to Bitcoin tokens. Bitcoin prices fluctuated 6.2%
On Thursday, and the transaction price was between $9163 and $9731. Today, this number is 51% lower than the high of $19,511 set on December 18, 2017. In the past week, bitcoin prices have risen by 5.8%. Bitcoin prices have fallen by 33% this year .
However, the enthusiasm of bitcoin bullies may be inhibited.
There are some key details in the two messages that may leave investors stunned. Goldman Sachs is not buying and selling real Bitcoin. According to a person familiar with the matter, the company is working hard to explore long-term disclosure of encrypted transactions and plans to start small-scale deals by providing a limited number of derivatives.
This reminds people that many traditional financial institutions are subject to a long list of rules of the regulatory agencies and there is still a long way to go before they figure out how to handle cryptocurrency directly.
At the same time, Square's first disclosure of Bitcoin’s financial contribution to its finances is not as optimistic as it is about bullish Bitcoin. Although the $34.1 million in revenue comes from the sale of Bitcoin to its Cash App users, the company spent $33.9 million to purchase the bitcoins, which means the company only made about $200,000.
Despite this, some people say that the company’s enthusiasm for cryptocurrency and blockchain technology is a sign of progress in emerging industries.
In early trading, bitcoin price today rose 4.29% in 24 hours, now reported 9624.43 US dollars / piece.
Ethernet currency today's price
According to BitStamp of Friday morning, Ethernet currency today's price rose 11.17 percent to $766.05. This figure is now 47% lower than the $1420 high reached on January 13.
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Bitcoin Cash is doing well also, well at least until the hardfork!
yes @dylan607, eventually it is progressing
Do you think the hard fork is a positive progress?
i think currently positive progress is better after a strong strke from social media boycott last month.
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