• Bitcoin soars then falls back; banks raise risk concerns

    One year ago - By Chron

    NEW YORK - Even by bitcoin standards, Thursday was a wild ride.
    With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild swings happened just days before trading in bitcoin futures begins on a major U.S. exchange.
    Major banks took notice, with three of the biggest saying they will either limit or not allow their clients access to the futures when trading begins next week on the Chicago Board Options Exchange.
    The price of bitcoin fell back during Asia's day...
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