Economy

Bitcoin sees biggest price surge since December

Bitcoin sees biggest price surge since December

The highest price was $7022.79 and lowest of $6828.84 for April 11-12.

Bytom (BTM) traded up 6.7% against the dollar and now trades at $0.55 or 0.00008124 BTC.

Stratis (STRAT) traded up 7.9% against the dollar and now trades at $4.20 or 0.00055574 BTC.

NEO (NEO) traded up 13.6% against the dollar and now trades at $62.11 or 0.00806711 BTC.

Decred (DCR) traded 2% higher against the dollar and now trades at $52.05 or 0.00760006 BTC.

TRON (TRX) traded up 3.5% against the dollar and now trades at $0.0382 or 0.00000496 BTC.

NAV Coin (NAV) traded down 0.3% against the dollar and now trades at $1.90 or 0.00016391 BTC.

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Sling (SLING) traded flat against the dollar and now trades at $0.13 or 0.00001354 BTC.

Elite (1337) traded up 10.2% against the dollar and now trades at $0.0001 or 0.00000002 BTC. One United Bitcoin coin can now be purchased for $12.30 or 0.00178395 BTC on exchanges including Quoine, ACX, Qryptos and AEX.

VeChain (VEN) traded up 11% against the dollar and now trades at $3.05 or 0.00039673 BTC. The Crypto BTC has PoW proof type and operates under SHA256 algorithm.

And when we take a look at the technology itself, BitCoin did have some bugs in it too along the way, allowing hackers to generate coin transfers via loop methods that keep filling up their wallets as long as they do not exceed a certain amount, after which the wallets did empty out and they had to start again. United Bitcoin's total supply is 21,000,000 coins. The official website for Bitcoin Plus is www.bitcoinplus.org. The Reddit community for Bitcoin Plus is /r/bitcoin and the currency's Github account can be viewed here. GXChain's official Twitter account is @gongxinbao and its Facebook page is accessible here.

Other analysts said there was no obvious news behind the move, although one cited recent reports prominent billionaire trader George Soros had made a decision to start trading cryptocurrencies.

News struck that several banks in Canada and the Reserve Bank of India would not be supporting bitcoin or any other cryptocurrency venture.

On the Luxembourg-based Bitstamp exchange BTC=BTSP, bitcoin spiked as much as 14 percent at one point in mid-morning European trading and by 1225 GMT was up 10.3 percent at $7,657, its highest level since March 28. The tax deadline in the U.S.is April 17, and anyone who bought or sold bitcoin in 2017 will have to pay taxes on it because the IRS has deemed all cryptocurrencies to be property subject to the capital gains tax.