Bitcoin and Ethereum Prices Are Surging Again (cnbc.com)

An anonymous reader quotes CNBC: Bitcoin is getting a Black Friday boost. The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday on Saturday. [Bitcoin passed $8,000 for the first time just six days earlier]. Another digital currency, ethereum, also hit an all-time high of $485.18, according to CoinMarketCap [rising more than 50% from $300 as recently as mid-November]...

The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts between Wednesday and Friday -- just around Thursday's Thanksgiving holiday -- to a total of 13.1 million. That's according to public data available on Coinbase's website and historical records compiled by Alistair Milne, co-founder and chief investment officer of Altana Digital Currency Fund. Coinbase had about 4.9 million users last November, Milne's data showed... The world's largest futures exchange, CME, is planning to list bitcoin futures in the second week of December...another step in establishing bitcoin as a legitimate asset class.
UPDATE (9/26/17): Sunday the price of Bitcoin surged past $9,000 -- just one week after surging past $8,000.

Comments

Re:Cheese and Rice

[rtb61]

What is happening is bigger money Vulture capitalists are playing, push it up, sell, crash it down, buy and push it up, sell, crash it down, etc etc etc. They will be monitoring the entire state of play, depth of buys and sells, plus of course playing with main stream media, you people have zero protection from law because not a properly recognised currency and they will be manipulating exchange rates for all they are worth, up to the destruction of currency. Those arseholes manipulate whole countries currencies, what chance do you people think you have, boom, bust, boom, bust, get used to it.

Re:Cheese and Rice

[JaredOfEuropa]

It's a legal pyramid scheme on a global scale. I'd be profoundly surprised if Big Finance (for lack of a better term) didn't already have their hands at the helm. I'm not much for conspiracy theories, but I am very sceptical about these articles claiming that "banks and exchanges are starting to show an interest in cryptocurrency". That interest would have been at maximum the second their financial analysts had a brief look at the crypto market.