The hard fork that created Bitcoin Gold hasn’t worked out for speculative investors thus far. On Oct. 23, Bitcoin Gold opened at $479.82, but has fallen today (Thursday) to $130.34.
Bitcoin, in comparison, climbed 7% today and is pushing near its all-time high of $6,000.
The price of Bitcoin increased by about $550 in the last 24 hours as markets shake off concerns about the Bitcoin Gold hard fork.
There have also been a few rumors that Amazon.com Inc. (Nasdaq: AMZN) could announce plans to accept Bitcoin on its platform during its Thursday earnings call. However, those rumors are based on pure investor speculation.
Also in cryptocurrency news, markets were largely unfazed by statements made by the governor of the United Arab Emirates (UAE) central bank.
Mubarak Rashed Al Mansouri has raised concerns about the lack of supervision around the cryptocurrency industry and suggested that Bitcoin is being used for illicit activity.
‘Some nations have announced that they are not using Bitcoin, and consequently, its value sharply plummeted. In addition, it can be easily used in money laundering and in funding terror activities,’ the central banker said.
Below is a recap of the top cryptocurrency prices at 11:00 a.m. EDT
This post was published at Wall Street Examiner on October 26, 2017.
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