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Bitcoin Price Forecast: BTC Soars 8% as “Hard Fork” Bulls Drown Out Russia Concerns

Profit Confidential Thursday, 12 October 2017 ()
Bitcoin Price Forecast: BTC Soars 8% as “Hard Fork” Bulls Drown Out Russia ConcernsOn Thursday, Bitcoin prices took flight across the all-important $5,000 level. It is a landmark moment for the currency, made all the sweeter because it comes on the heels of Russia’s anti-Bitcoin posturing.

The Bitcoin to USD exchange rate lifted off around 7:50 am (UTC). It soared 8.5% to reach $5,222.70.

As suggested by our previous Bitcoin price forecast, BTC only required one strong trading session to top the $5,000 level. Once the price crossed that threshold, it continued to skyrocket, thus breaking new ground for the famous cryptocurrency.

The post Bitcoin Price Forecast: BTC Soars 8% as “Hard Fork” Bulls Drown Out Russia Concerns appeared first on Profit Confidential.
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News video: Keiser Report: Mergers & Monopolies (E1105)

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Check Keiser Report website for more: http://www.maxkeiser.com/ Holding the show at Freedom Fest in Las Vegas, Max and Stacy discuss mergers, monopolies and antitrust. Max interviews early bitcoin adopter Charlie Shrem about the state of play in the bitcoin market. This interview took place a...

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