Bitcoin Rebounds Following Tether Hack: Should Hit $10K by Year’s End

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21 November, 2017

Bitcoin Rebounds Following Tether Hack: Should Hit $10K by Year’s End

A shocking hack of crypto-currency Tether caused the price of Bitcoin to collapse but then climb right back up again. Have no fear, says Mike Novogratz, founder at Galaxy Investment Partners, as he predicts Bitcoin will hit $10,000 in trading by year’s end. That’s just a few weeks away.

Tether lost $31 million in value after a hack, raising concern about the safety of cryptocurrencies. Bloomberg News' Ed Robinson reports on "Bloomberg Markets."

Bookmaker is now accepting nearly all crypto-currencies

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