Week Wrap-up! Bitcoin Soars Above 15,500 As Investors Seek Protection From Eroding US Dollar (Ethereum Up 6.90%, Silver Up 1.95%)

by confoundedinterest17

Bitcoin, the popular Cryptocurrency, soared to about 15,500 as investors fear an eroding US Dollar.

In percentage terms, Ethereum is up 6.90% today.

The US Dollar seems to be spiraling down from a cycle high.

But silver is up 1.95% while gold is only up 0.23%. Hi-yo Silver!

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Iron ore is up 3.87%, but my neighbors would be rather angry if I had 5 tons of iron ore dumped on my driveway.

Speaking of Bitcoin,

Thousands of bitcoins — worth $1 billion — were seized by law enforcement this week in what the Justice Department said was the largest seizure of cryptocurrency in the history of agency. The cryptocurrency is linked to sales of illicit drugs and goods on Silk Road, a dark web marketplace that shut down in 2013.

 

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