Bitcoin Soars Back Above $4100 As ECB Admits “No Power To Regulate Cryptocurrencies”

Wednesday, September 27, 2017
By Paul Martin

by Tyler Durden
Sep 27, 2017

Cryptocurrencies are extending their post-China-crackdown gains, with Bitcoin spiking back above $4100 this morning. A number of catalysts have been posited, from chatter of Mike Novogratz new fund to talk of Japan’s shift to virtual currency before the Olympics in 2020. However, most chatter revolves around Mario Draghi’s admission that The ECB is powerless to regulate or prohibit cryptocurrencies.

Bitcoin is back at key support/resistance…


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