Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Bitcoin Surges Over $40k After Bitcoin Mining Council Launch

Published 05/26/2021, 11:50 AM
Updated 05/26/2021, 12:00 PM
© Reuters.  Bitcoin Surges Over $40k After Bitcoin Mining Council Launch

  • Bitcoin has rebounded above $40,000 for the first time in almost a week.
  • The price spike came in the wake of the Bitcoin Mining Council formation.
  • Council founders include Elon Musk, Michael Saylor, and several Bitcoin miners.

Bitcoin rose above the $40,000 mark for the first time since May 19. The price spike came after several Bitcoin enthusiasts came together to form the Bitcoin Mining Council on May 24.

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Slowly we gegonning to know who actually owns bitc
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.