Bitcoin erases all of its losses that occurred after Jamie Dimon called it a fraud

mohammedfelahi (57)in #bitcoin • 7 years ago (edited)

Business Insider
Akin Oyedele
Business Insider September 28, 2017

pixabay image

Bitcoin's price has fully recovered from its recent slump after JPMorgan CEO Jamie Dimon called it a fraud and Chinese regulators cracked down on exchanges.

The cryptocurrency had a drawdown of up to 14% in the 10 days after September 12, when Dimon compared it to the tulip bubble of the 1600s and vowed to fire traders who used it.

Also that week, BTCChina, a major exchange, announced that it would stop all trading on September 30, as regulators moved to contain potential financial risks.

#crypto-currency

7 years ago in #bitcoin by mohammedfelahi (57)

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mohammedfelahi (57) 7 years ago

Bitcoin crossed $ 4200

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mohammedfelahi (57) 7 years ago

down

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