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Bitcoin Hits New High Despite Warnings

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Entertainment (now)

9 Views • Dec 16, 2017

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LONDON (Reuters) - Bitcoin blasted to another all-time high of just over $17,750 on Friday, up 8 percent on the day, as concerns grew over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering price rises - more than 1,700 percent since the start of the year - have driven worries that the market is a bubble that could burst in spectacular fashion.