Cryptos: Facebook’s cryptocurrency foray leads bitcoin to its best trading stretch in 3 weeks [MarketWatch]
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Source: MarketWatch
Facebook’s cryptocurrency foray leads bitcoin to its best trading stretch in 3 weeks Reports that Facebook Inc. is about to roll out a cryptocurrency as soon as next week have helped bitcoin to notch its best weekly trading period in about three weeks. Bitcoin futures for June delivery BTCM19, +2.29% trading on the CME Group Inc. CME, +0.18% on Friday settled at $8,440, up nearly 2% on the day and up about 5.3% for week, according to FactSet data, representing the best weekly gain since the period ended May 24. Meanwhile, bitcoin prices BTCUSD, +2.98% were at $8,604, according to CoinDesk, tracking near the digital currency’s highest levels since March. Check out : ‘If you’re not a billionaire’ in 10 years ‘it’s your own fault,’ says 20-year-old bitcoin tycoon Helping to fuel gains in an already buoyant asset are developing details on Facebook‘s FB, +2.18% reported plan for a cryptocurrency, which will be pegged to a basket of fiat currencies, like the dollar, and be use
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