Bitcoin Hits $1600 for First Time: Could Reach $4000

Written by :

Guest

Published on :

8 May, 2017

Bitcoin Hits $1600 for First Time: Could Reach $4000

The cryptocurrency Bitcoin has seen its price shoot up to $1600 on Monday trading, the highest it has ever been.

BetOnline now accepts Litecoin - BetOnline now accepts Litecoin - BetOnline now accepts Litecoin

The recent price rise has been driven by positive developments around the underlying technology with rival cryptocurrency litecoin, according to CNBC.

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

In the last 30 days, Bitcoin has risen over 33 percent.

Over the past year, Bitcoin has become the number one deposit and withdrawal option for most North American-facing online gambling websites. Most now require their affiliate partners to accept funds exclusively using Bitcoin.

CNBC has more on this week’s Bitcoin developments.

- Aaron Goldstein, Gambling911.com

Business & Financial

CRYPTOCURRENCIES

Gambling News

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.

Knoxville Tennessee is Getting a New Nonstop Flight to Las Vegas

Southwest Airlines has announced it will begin flying nonstop flights between Knoxville, Tennessee and Las Vegas, Nevada on Saturdays and Sundays, which will compliment Allegiant Airlines Monday and Friday nonstop flights.

Rare Albino Alligator Sisters to Make This Marksville Louisiana Casino Their New Home

Native American tribes consider albino alligators extraordinary beings that are often associated with spirituality, renewal and the importance of respecting the natural world.

ISPs in France Ordered to Block Polymarket

France’s gambling regulator said on Friday it had instructed internet service providers to block access to the Polymarket betting website, citing concerns that it ‌could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated.