Week Wrap-up! Bitcoin Soars Above 15,500 As Investors Seek Protection From Eroding US Dollar (Ethereum Up 6.90%, Silver Up 1.95%)

Bitcoin, the popular Cryptocurrency, soared to about 15,500 as investors fear an eroding US Dollar.

In percentage terms, Ethereum is up 6.90% today.

The US Dollar seems to be spiraling down from a cycle high.

But silver is up 1.95% while gold is only up 0.23%. Hi-yo Silver!

Iron ore is up 3.87%, but my neighbors would be rather angry if I had 5 tons of iron ore dumped on my driveway.

Speaking of Bitcoin,

Thousands of bitcoins — worth $1 billion — were seized by law enforcement this week in what the Justice Department said was the largest seizure of cryptocurrency in the history of agency. The cryptocurrency is linked to sales of illicit drugs and goods on Silk Road, a dark web marketplace that shut down in 2013.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.