 "Bitcoin")
Bitcoin jumped, rising in a matter of minutes to its biggest daily gain since July, and other digital currencies surged in a shock rally that followed the largest monthly decline since May.
The largest cryptocurrency gained as much as 10 per cent to $47,234 early in New York trading. Ethereum, Litecoin and EOS also jumped, with the Bloomberg Galaxy Crypto Index rising as much as 8.3 per cent. Bitcoin had slumped 7.6 per cent in September amid concern about increasing regulatory pressure in China and the US.
EM ‘cryptoisation’ threatens financial stability : IMF
The largest cryptocurrency gained as much as 10 per cent to $47,234 early in New York trading. Ethereum, Litecoin and EOS also jumped, with the Bloomberg Galaxy Crypto Index rising as much as 8.3 per cent. Bitcoin had slumped 7.6 per cent in September amid concern about increasing regulatory pressure in China and the US.
EM ‘cryptoisation’ threatens financial stability : IMF
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