Technology: Bitcoin surges as much as 10%, on track for biggest daily gain of 2019 - PressFrom - Canada
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TechnologyBitcoin surges as much as 10%, on track for biggest daily gain of 2019

23:35  08 february  2019
23:35  08 february  2019 Source:   marketwatch.com

Police say don't pay Bitcoin ransoms as wave of North American bomb threats hits B.C.

Police say don't pay Bitcoin ransoms as wave of North American bomb threats hits B.C. Dozens of bomb threats were reported in major cities across Canada and the United States on Thursday. None have been deemed credible by police, and Canadian and U.S. authorities said they believe the messages were hoaxes. RCMP in B.C. retweeted a message saying Mounties are aware of the threats, adding Canadians should not pay the ransom if they have received such a threat. The Vancouver Police Department echoed the advice, saying anyone who receives an emailed threat should delete the email, unless they have specific security concerns.

Bitcoin surged as much as 10 % Wednesday, its biggest daily gain since mid-April. It has fallen 40% since November 14, a few days before a hard f Bitcoin , the biggest cryptocurrency by market value, surged as much as 10 % Wednesday to an intraday high of ,725 a coin, making for its

Bitcoin benefited from a 24-hour gain of nearly 15% on Wednesday , the largest daily increase since mid-April. One prominent trader, Crypto Rand, shared a Tweet prior to the surge correctly suggesting that an end of day rise would Listen to the 10 January 2019 BitcoinNews.com Daily Podcast below.

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Bitcoin surges as much as 10%, on track for biggest daily gain of 2019© Getty Images

Bitcoin owners got a much-needed break on Friday when the cryptocurrency surged to its highest level in more than two weeks, putting it on track for its biggest daily gain of the year.

In midday trading, one bitcoin (BTCUSD) was fetching $3,659.11, up 8.1% since Thursday’s level at 5 p.m. Eastern Time and is on track for its biggest daily gain since Dec. 28, 2018, when the cryptocurrency rose 8.5%, according to Dow Jones Market data.

The cryptocurrency hit an intraday high at $3,704.90, which marked a 10.3% rise.

After a prolonged period of suppressed price activity that dragged the Bitcoin Volatility Index to a 12-week low, the move caught traders off guard. “Yes, not just a big move but a sudden move,” said Lennon Sweeting, director and head trader at Coinsquare Capital Markets Ltd.

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Bitcoin value: 20.22 Bitcoin value 10 days later: 66.47 View Event #97 on Chart. The price of bitcoin fell sharply after the Securities and Futures on the world’s most popular cryptocurrency surged as much as 26 percent from the opening price in their debut session on Cboe Global

Bitcoin prices surged more than 10 % Tuesday, taking the No. 1 digital currency back above ,000 for the first time in five weeks and on track to record its biggest daily gain since April 12. In doing so, bitcoin BTCUSD, +0.29% traded above its 50-day moving average

But digital asset owners were quick to act. “There are quite a few customers taking advantage of this rally, we are definitely seeing a lot of profit taking,” Sweeting added.

Bitcoin surges as much as 10%, on track for biggest daily gain of 2019 Bitcoin 4-hour chart

Read:Bitcoin hasn’t been this oversold in 4 years, chart watcher says

The Toronto-based trader said some industry participants are pointing to bitcoin’s hash rate, which hit a three-month high, for the reason behind the sudden surge. The hash rate is a measure of a miners performance and a higher hash rate increases the chance a computer has of solving the complicated puzzle required to earn cryptocurrency.

Read:Here’s how much it costs to mine a single bitcoin in your country

Coins other than bitcoin, commonly referred to as altcoins, are outperforming bitcoin. Litecoin (LTCUSD) was leading the charge, rising 28.4% to $42.15, Ether (ETHUSD) shot up 14% to $117.62 and Bitcoin Cash (BCHUSD)was up 11% at $125.40.

The market value of all cryptocurrencies rose by $6 billion in less than 30 minutes, according to data from CoinMarketCap.

Read:Crypto exchange customers can’t access $190 million after CEO dies with sole password

Forget Bitcoin, I Think This Investment Opportunity Can Help You Retire Rich.
Taking a long-term view on investing, rather than seeking to generate high returns with Bitcoin, could enhance total returns in my view.

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