Bitcoin Retreats After Spiking to New $17K High
(WorldNews Switzerland)

Bitcoin prices tanked after Friday morning`s record spike to $17,000, according to CoinDesk. CoinDesk`s Bitcoin Price Index (BPI) had the cryptocurrency rising to $17,153.94 at 1:59 UTC, but it soon took a sharp downtown and was last trading at $14,794, more than $2,500 less than yesterday`s high. Bitcoin has appreciated almost 150 percent over the last five weeks due to intense speculation that a move to the mainstream financial industry was inevitable through a futures contracts market and would have increased demand for the cryptocurrency. CoinDesk also reported that the world`s largest investment banks believe that the financial system is not prepared for the launch of bitcoin futures...