Bitcoin rockets past $5200 price to reach all-time high

Richard Branson CEO of Virgin Galactic which accepts bitcoin as a form of payment

In the last week alone, for instance, one bitcoin has ranged from Thursday's high of more than $5,200 to a low of about $4,200.

Bitcoin jumped 6% today to break through $5,000 for the first time ever.

According to data from SEMrush, a search engine data analytics company found the price had a 91% correlation with Google searches surrounding bitcoin, suggesting news surrounding the cryptocurrency increases the valuation of Bitcoin. Ethereum is only up 2%, while Ripple is down 2%.

Another major difference is that bitcoin's creation, value and integrity come from complicated, mathematical wizardry, known as "blockchain" technology, which regulates the creation of new units and essentially ensures the security of every transaction involving the digital currency. The digital currency plunged below $3,000 in mid-September after the Chinese authorities announced a crackdown. Its market capitalization is 53 percent of the market capitalization of all cryptocurrencies. The decline was fueled by a comment from JPMorgan & Chase CEO Jamie Dimon who called bitcoin a fraud good for drug dealers and murderers.

TCS shares end almost 2 pc higher ahead of earnings
Large deal wins this quarter, a good pipeline, and bottoming out of the retail sector softness positions us well", he added. The company recruited 3,725 employees outside India, bringing the total to 6,979 in the first half of the fiscal year.

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On February 27, the President allowed the PNP a limited participation in the anti-drug campaign through smaller task forces. Nilo Geonzon, who represented the event's guest of honor and speaker, Surigao del Norte 2nd District Rep.

"Yet bitcoin was created to operate outside of the influence of governments and central banks and is doing exactly that".

- Financial analysts warn of an impending price bubble.

Bitcoin mania just crossed the $5,000 mark.

"Investors buy [an] asset because they are seduced by the prospect of further rapid gains without necessarily thinking about intrinsic value", he said. "Individuals are already able to transact electronically using a plastic card".

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