Bitcoin breaches $5,000 on N. Korean tension before falling back as cryptos wobble

Bitcoin $BTC breached the $5,000 level (not including $560 for Bitcoin Cash!) before retracing $500 as the crypto currencies wobbled again, albeit form new highs in some cases.

Ethereum $ETH fell 12%, which was an average for most of the major crypto currencies, and some fell even more.

 

 

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Bitcoin $BTC breached the $5,000 level (not including $560 for Bitcoin Cash!) before retracing $500 as the crypto currencies wobbled again, albeit form new highs in some cases.

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Ethereum $ETH fell 12%, which was an average for most of the major crypto currencies, and some fell even more.

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The crypto’s rose strongly after the North Korean missile launch over Japan (as did gold), but as there has not been an immediate American military response, they are now retracing.

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It remains to be seen how much of the recent gains are given up before the market stabilises again.