Amid chaotic swings in the dollar, and flash-crashes in precious metals, it seems anxious global investors have pushed into cryptocurrencies as a safe-haven overnight with the top 5 virtual currencies all soaring.
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Bitcoin has reached a new record high at $4740...
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Pushing its total market cap near that of Morgan Stanley.
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Bitcoin is now bigger than 425 of the S&P's 500 members.
On a side note, GBTC (the Bitcoin investment trust) is now trading at $927 (implying a Bitcoin price of $9270!) and trading at a $120% premium to NAV...
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Buyer beware!
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