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Sept 19th Cryptocurrency News- Bitcoin Climbs Back To $4,000

873 views · Published 19 September 2017 · 2:54 · Indexed 1 November 2026

Channel: NEWSBTC · 2017 · People & Blogs

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Bitcoin seems to getting back on track as it climbed back over $4,000. So let’s check it out. It fell below $3,000 on Friday, but since then it has been steadily moving higher. Ethereum dropped below $200 on Friday, and it later climbed to around $250 and then on Sunday it started to climb again and it continued to strengthen on Monday moving closer to $300. Today it fell a little bit and it is around $280. The founder of the Ethereum blockchain Vitalik Buterin recently discussed the challenge of security at the TechCrunch Disrupt on Monday explaining that once it’s solved, then blockchain technology could actually take business away from or replace financial institutions like Visa in a few years time. We saw Bitcoin cash moving closer to $500 today, before falling slightly lower and it is currently around $460. On Friday it fell to as low as $300 but on August 19th, it hit a record high of over $900. Dash fell to as low as $320 on Friday, but since then it has been moving higher, and today it climbed to around $330 before falling lower again and it is currently around $320.

Now let’s take a look at some recent comments in the media regarding the cryptocurrency world. Strategist Tom Lee remains incredibly bullish on bitcoin. He told CNBC that he believes it will hit reach $25,000 or about 600 percent higher than current levels. He compared bitcoin to gold in the 1980’s when some investors didn't trust US dollars. Arthur Levitt, former commissioner of the U.S. Securities and Exchange Commission told the Washington Post that he would consider investing in companies that use bitcoin, or trade in bitcoin, but he is not sure whether he would actually invest in bitcoin himself as he said it fluctuates for reasons that are hard to understand. But he also added that “cryptocurrency is with us for the future..I don’t know whether it will be bitcoin or Ethereum, to name just two. But it’s here to stay because of the disparity between countries where a monetary system is robust and countries where there is virtually no monetary system. This comes up as an alternative currency.”

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