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November 9, 2016 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/lPWmPPs4XSs/bitcoin-boosted-by-safe-haven-demand-after-trump-victory
Bitcoin Boosted by Safe-Haven Demand After Trump Victory
Donald Trump's historic victory in the U.S. presidential elections has pushed up prices for the digital currency bitcoin. As the results for the election began to trickle in, the cryptocurrency quickly began to rise at around 2 a.m. London time. From a report on CNBC: The price for bitcoin was around 3.5 percent higher at 11:00 a.m. London time Wednesday at $733.84. Since November 4, the cryptocurrency has been stuck around the $700-709 trading band. The weakening dollar may have added to the rise, but the digital currency is also higher when priced in other currencies like the Chinese yuan, sterling and the euro. Charles Hayter, CEO and founder of Crypto Compare, said that the price is rising on safe-haven demand in reaction to the uncertainty created as a result of Trump's victory.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/lPWmPPs4XSs/bitcoin-boosted-by-safe-haven-demand-after-trump-victory
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