Source: rss.wn.com
Bitcoin surged almost 10 percent on Friday after losing a third of its value earlier this week after Chinese regulators banned fundraising through initial coin offerings, according to CNBC. The cryptocurrency fell as low as $2,951.15, its lowest level since early August, before bouncing back but still lost 17.5 percent of its value. The tumultuous week for the cryptocurrency had it at its lowest level since early August on Friday before it rebounded and traded at $3,524.22 in New York. Even with the massive drop, bitcoin was still up around 200 percent for the year, by comparison, the S-amp;P 500 is up 11.5 percent in 2017. Investors have been scrambling since the Chinese authorities began...

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