Bitcoin straddles 36K mark overnight in volatile trading.

[powderman]

   
Bitcoin straddles 36K mark overnight in volatile trading.
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https://www.foxbusiness.com/markets/bitcoin-straddles-36k-mark-overnight-in-volatile-trading#&_intcmp=hp1r_24,hp1r

Bitcoin straddles $36K mark overnight in volatile trading
China reportedly steps up blocking of bitcoin trading and mining of numerous cryptocurrency markets on Sunday: report

By Jack Durschlag FOXBusiness
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Fox Business Flash top headlines for June 4
Bitcoin straddled the $36,000 level early Monday morning as continued pressure from China forced volatility in the cryptocurrency markets, a published report said.

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The cryptocurrency stood at $36,229, down 0.12% for the 24-hour period ending at nearly 5:30 a.m. Eastern time Monday.

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Multiple reports overnight said China has stepped up its blocking of bitcoin trading as well as mining, preventing numerous cryptocurrency-related accounts on Weibo.


Bitcoin straddled the $36,000 level early Monday morning as continued pressure from China forced volatility in the cryptocurrency markets, a published report said. (iStock)
Elon Musk also drew the ire of the Anonymous hackers group, who blamed the Tesla CEO for "constantly trolling" cryptocurrency markets.

In a video posted to Twitter by the group, they said, "Recently … people are beginning to see you as another narcissistic rich dude who is desperate for attention."

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Ethereum, meanwhile, was trading at $2,776, up 1.44% early Monday. It had fallen as low as $2,743 earlier Monday morning, but has made a steady climb since then to its current level.


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[Lloyd Smale]

sure wish i wasnt so anti techonolgy and bought a few when they were cheap. That said with all the new cyber attacks i wouldnt want my money floating around the internet.

[mcbammer]

    Unless its some way to avoid taxes , I dont see the purpose of cryptocurrency , I see it as a  good way to lose a fortune fast . not that I have to worry about that .

[Casull]

    Unless its some way to avoid taxes , I dont see the purpose of cryptocurrency , I see it as a  good way to lose a fortune fast . not that I have to worry about that .

Agreed.  Looks like the tulip mania in Holland way back when.  Nothing, I mean nothing, backing it.  Call me old fashioned, but I just don't get it.  Some time in the near future, people are going to start noticing the emperor is not wearing anything.

[Doublebass73]

    Unless its some way to avoid taxes , I dont see the purpose of cryptocurrency , I see it as a  good way to lose a fortune fast . not that I have to worry about that .

I realize that some people have made good money off of crypto but I would treat it just like gambling, only wager what you're willing to lose. I wouldn't bet my retirement on it.

[Ranger99]

 . .   Call me old fashioned, but I just don't get it. 

JMHO- just another way to incrementally
ease into a cashless society
The socialists have been working toward
that since before I was aware of the way
economies work