Economy

Bitcoin Stages Massive Rally En Route to New Highs

Bitcoin Stages Massive Rally En Route to New Highs”

Buying cryptocurrency is not as easy as you might think. "Bitcoin Gold" is the second proposed fork, one that essentially shifts bitcoin mining away from ASIC servers, those that use custom application-specific integrated circuits, and shifts the process of mining bitcoin back to graphics processing unit chips again.

Coinbase, a San Francisco-based cryptocurrency exchange, has recently announced in company's official blog that its customers will now be able to purchase Bitcoin, Litecoin and Ethereum instantly from U.S. bank accounts.

Customers are now allowed to buy up to $25,000 and receive access to their digital currency immediately.

As bitcoin surged to all-time highs Friday, a key announcement from a major USA -based digital currency exchange could be a driving factor.

Grayscale's Bitcoin Investment Trust (GBTC), whose shares are the first publicly quoted securities exclusively invested in bitcoin, rose 9.7% on Thursday to reach $685.50.

Others are pointing toward Japan as a likely cause of bitcoin's price rise, with Forbes attributing it to "a surging interest from Japanese investors and signs that proclaimed crackdowns in Russian Federation and China will not be as severe as feared". The bitcoin exchange will gradually expand this feature to customers with US bank accounts, enabling them to place orders of up to $25,000 once they have completed all verification requirements.

Strategic Coin is your go-to source for cryptocurrency investment research and education. It also takes longer than you might expect, which is a problem when you want to take advantage of an opportunity in this market as quickly as possible.



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