Bitcoin Jumps To $17,000 As Cryptocurrency Finds A New 'Pal' In Peter Thiel
HIGHLIGHTS:
1.Bitcoin_touched_a_high_of_$17,150 _on_January 6
2.PayPal_co-founder_Peter _Thiel made_massive_bets _on _bitcoins _in 2017
3.On_Coinsecure, a bitcoin_can_be bought_for Rs. 11.40 lakh
A_Few-days_the_media_reports_and_appeared_suggesting_that_PayPal's_co-founder_Peter_Thiel's_'Founder_Fund'invested_over
$15_million_in_bitcoins_last_year,the_cryptocurrency_prices
started_recuperating_again.Then_bitcoins_prices_had_hit_a_glass
ceiling_near_$14,000_towards_the_end_of_2017,but_have_started
recovering_lately.The_price_has_been_on_an_upward_swing_in
the_past_few_days_and_hit_a_high_of_$17,149.The_latest_trigger
came_when_the_reports_surfaced_early_last_week_that_Paypal_
co-founder_and_billionaire_investor_Peter_Thiel_had_made_
massive_bets_on_the_cryptocurrency_in_the_year_2017.
On_January_6,the_digital_currency_BTC_opened_trading_at
$17,142_and_hit_a_high_of_around_$17,150_and_a_low_of_$16,840._
At_8.10_am,the_cryptocurrency_was_being_traded_at$16,895_on_
BitStamp.
Way_back_January_5,it_touched_a_high_of$16,928.bitcoin_prices
have_commenced_the_year_2018_on_a_relatively_tepid_note_as_
they_closed_at_$13,443_on_January_1_against_around_$14,000_a_
day_before._On_January_2,however,the_bitcoin_prices_rose
significantly_to$14,679.The_next_day,the_prices_hit$15,156.
On_January_4,the_prices_stayed_in_close_range_and_ended_at$15,144.
It_is_worth_mentioning_that_the_prices_had_scaled_a_peak_of_
$19,666_on_December_17_on_the_rollout_of_futures_trading_at_the_CME_Group.
In_India,the_bitcoin_prices_recovered_marginally_and_stayed
significantly_above_Rs._11_lakh.On_Zebpay(bitcoin_wallet),a
bitcoin_can_be_bought_for_Rs._11.27_lakh_while_the_selling_price_is_Rs._10.91_lakh.
On_Coinsecure,_an_Indian_bitcoin_exchange,a_bitcoin_can_be
purchased_for_Rs.11.40_lakh_while_the_selling_price_is
marginally_lower_at_Rs._11.32_lakh.
On_January_2,_the_buy_price_had_closed_at_Rs.10.73_lakh.The
cryptocurrency_price_stayed_in_the_close_range_for_a_few_days
afterwards,and_on_Saturday(January_6),the_price_settled
down_at_around_Rs._11.37_lakh,_a_jump_of_6%_in_a_mere_four_days.
