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27 November

By Ahmed Mamdouh

Category: FX Graph

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Bitcoin’s impressive path in 2017

The following chart by Bloomberg illustrates the impressive path of the Bitcoin as it heads towards a new record high of $10,000.

Bitcoin climbed to a new top of $9760.7 on Monday before easing to $9302.1, where it has so far gained more than 900 percent this year.

The cryptocurrency has more than doubled since the beginning of October, where it has taken boost over recent few months from the announcement that the world’s biggest derivatives exchange operator CME Group that it would start offering bitcoin futures.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.