US dollar prices for virtual currencies are soaring. Both Bitcoin ($1343 highs) and Ethereum (as we described previously) are at new record highs as China regulators/exchanges appear to have ‘stabilized’, fears over the so-called ‘hard fork’ have abated, and hopes for an ETF have been revived by an SEC review.
Back above the price of gold and at record highs, Bitcoin rallied notably overnight after China’s largest bitcoin exchanges introduced a flat 0.2% fee on each transaction and blocked customer from withdrawing their coins form their trading accounts.
While volatility remains dramatic in the virtual currency, it seems demand remains high for a decnetralized currency out of the control of elites.
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