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Bitcoin soars above $19,000, banks raise risk concerns

Bitcoin soars above $19,000, banks raise risk concerns

Friday, December 8, 2017, 7:12 AM

The price of bitcoin swung wildly today, rising to more than $19,000 only to fall sharply within minutes, as the frenzy surrounding the virtual-currency escalated just days before it starts trading on a major US exchange. Group of banks came out and complained that federal-regulators approved bitcoin-futures, which begin trading on Sunday, too quickly and without properly considering the inherent risks in the virtual-currency.
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