Bitcoin Makes Surprising Move
Bitcoin, the most popular cryptocurrency in the world, jumped to a four-month high overnight, briefly breaching $5,000 on the Bitstamp exchange.
As CNBC notes, “The reason for the sudden price jump wasn’t immediately clear.” Plenty of people got in when the cryptocurrency was expensive, and smart people cashed out, leaving average folks with huge losses.
By December of 2018, Bitcoin had bottomed out at about $3,400.
It’s fake money that’s about as practical to use in the real world as Monopoly bills.
Facebook said it had taken the action because cryptocurrencies were, “frequently associated with misleading or deceptive promotional practices.”