$8,200: Bitcoin’s price starts week with new all-time high; imediately after, bitcoin fell the most in a week after the company behind cryptocurrency tether reported a $31 million theft
The price of bitcoin has hit yet another all-time high, passing above $8,200 for the first time. As of press time, markets had hit a high of $8,241.30, according to the CoinDesk Bitcoin Price Index (BPI). The market high marks a continuation of the trend that began over the weekend when the price popped above the $8,000 level during Sunday trading.
The new high also marks the latest twist in the volatile cryptocurrency’s price moves in recent days. As previously reported, the price of bitcoin was trading near $6,000 just over a week ago, having previously fallen from nearly $7,900 before then.
From more than $8,280, the all time high, Bitcoin fell to $7800, the most in a week, after the company behind cryptocurrency tether reported a $31 million theft.
The amount was taken from the Tether Treasury wallet on Nov. 19 and sent to an unauthorized bitcoin address, according to an announcement on the company’s website posted on Tuesday. The stolen tokens will not be redeemed, and the company is trying to prevent them from entering the ecosystem, it added. Bitcoin dropped as much as 5.4 percent, the most since Nov. 13.
”The incident is the latest in a long list of hacks that have dented confidence in the security of cryptocurrencies. Such events typically have fleeting market impact: bitcoin has surged to one record after another during the past few years despite major thefts from exchanges including Bitfinex and Mt. Gox.”, Bloomberg says.
Tether, with a market capitalization of $673 million, is the world’s 19th most-valuable virtual currency, according to data on Coinmarketcap.com. The tokens are pegged to fiat currencies, allowing users to store and transfer globally and instantly, according to the website. One tether is equal to a dollar.”Other cryptocurrencies among the top-10 group by market capitalization have seen gains in the past day, including ether, which hit an 11-week high this morning on reports of a new regulated derivatives product built around the cryptocurrency.”, according to coindesk.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
