Bitcoin breaches US$17,500 in risk-on market | Malay Mail

In late European trading, the virtual currency was worth US$17,502 and was headed towards its record of US$19,041 reached in late 2017. — Reuters pic

In late European trading, the virtual currency was worth US$17,502 and was headed towards its record of US$19,041 reached in late 2017. The coronavirus has forced officials to support financial markets with cash and loan guarantees to ward off an economic collapse, attenuating the level of risk and helping stock markets in the United States to set new records on Monday.

Unregulated by any central bank, it was sold as an attractive option for investors with an appetite for the exotic ― and criminals also appreciate its under-the-radar appeal.

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