Published on October 21st, 2017 | by bitcoin0
Bitcoin exceeds $6000, Zimbabwe cash crisis probable catalyst
As bitcoin continues climbing, Twitter users are speculating that the rise could be driven by everything from a cash shortage in Zimbabwe to an increase in margin trading.
If one thing is for sure, it’s that speculation has a part to play in the top digital token’s latest surge.
The push higher comes just three days after bitcoin suffered its biggest one-day drop in a month on rising concern that regulators are increasingly targeting digital currencies.
Bitcoin was quick to shrug off China’s move to tighten its grip on trading, extending an eight-fold increase over the past year to a record high on Oct. 13.
The U.S. Securities and Exchange Commission has already said tokens from some ICOs can be deemed securities under its oversight.