Meanwhile, Bitcoin Soars 40% From Post Dimon, China Lows

Saturday, September 30, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 30, 2017

Whatever doesn’t kill bitcoin – and many have tried in the past month to do just that – has a habit of making it stronger, and two weeks after the cryptocurrency crashed 40% from an all time high of $5,000 to less than $3,000 when first China banned ICOs and exchange trading of cryptocurrencies, then Jamie Dimon called it a fraud, the BIS said it has no future unless it is subsumed by central banks, days after South Korea likewise ordered an end to ICOs, the SEC filed the first ever civil charges against companies raising capital through ICOs and Switzerland announced it too was cracking down on ICOs, bitcoin has soared over 40% from its lows, and its price is now back where it was before the Chinese crackdown.

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