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Bitcoin soars then falls back; banks raise risk concerns

NEW YORK — The price of Bitcoin swung wildly on Thursday, rising to more than $19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before trading in bitcoin futures begins on a major United States exchange.

The concerns about its volatility have led some Wall Street banks and trade groups to raise concerns about the potential implications of trading bitcoin. Banks also appear likely to limit customers' access to the futures when they first start trading.

The post Bitcoin soars then falls back; banks Raise Risk Concerns appeared first on Inquirer Business.



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Bitcoin soars then falls back; banks raise risk concerns

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