Bitcoin price LIVE – Dogecoin and Ethereum rocket in value as cryptocurrency market bounces back with BTC on the rise

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CRYPTOCURRENCIES ‘A FARCE’

Cryptocurrencies such as Bitcoin are a “farce” and a symptom of bubbles forming in financial markets, Amundi chief investment officer Pascal Blanque said on Thursday.

Bitcoin, trading at around $39,364, fell 35% last month after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.

Speaking at a news conference, Blanque described the cryptocurrency as a “farce,” adding that it was a symptom of the bubbles forming in markets.

“Bitcoin will be remembered for pushing central banks to adopt digital money,” he said, adding that…

Read full article at www.the-sun.com