The madness continued: On Monday morning the Bitcoin crossed the $ 12,000 threshold, but after crossing the $ 17,000 threshold, the virtual currency recorded a sharp drop

The Bitcoin roller coaster does not stop. A few hours after the virtual currency broke another record - this time around $ 17.1 thousand - it plummeted and traded at $ 15.2 thousand.

Only the morning before, the Bitcoin crossed the $ 12,000 threshold and in the evening the $ 13,000 threshold. Yesterday he continued to leap, until he crossed the $ 17,000 mark. In the past few hours, as mentioned, he has fallen from these heights.
 
The currency opened the year 2017 worth less than $ 1,000 and since the beginning of the race: in October the value of the currency crossed the threshold of $ 5,000 and after less than two months the currency stood at 11 thousand dollars. Since the beginning of the year, the currency has jumped more than 1,100%.
 
Manny Rosenfeld, one of the local experts on virtual currencies who founded the union three years ago, says that the most important and interesting interest in the currency is the technology behind it, more than the short-term fluctuations .

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"In the short term, as the Bitcoin rate has risen, it can easily fall, but the short-term volatility of the exchange is not the interesting thing in Bitcoin - what is interesting is the advantages of Bitcoin over the familiar forms of money. In the long run, we expect these advantages to lead to greater use of Bitcoin, as well as to a rise in the exchange rate, and those who understand Bitcoin and believe in this vision may consider investing in the currency, but in the short term the Bitcoin rate can fall to half its present value and beyond. From what you can afford to make Hand ".

The merger of Canada's Backbone Hosting Solutions with the Israeli public natural resources company was signed on Monday and is now subject only to approval by the company's board of directors. Only on Sunday did natural resources report the expected merger, in which it will acquire 75% of Backbone, which is intended to operate under the name Bitfarms, and its share surged 160% in the day following the report and another 20% on Monday.
 
Trade in Europe
Trading in stock exchanges in Europe is currently taking place on the rise in shares led by financial shares, against the background of summaries reached yesterday between the regulators on the Basel III rules, and the breakthrough in the bronchitis issue.
 
According to reports published this morning, Britain and the European Union have achieved a breakthrough on an agreement on the Berkazit (the country's withdrawal from the Union). The EU commission said it had recommended to EU leaders this week to conclude that "sufficient progress" had been made to allow the sides to move on to the next stage of the negotiations.
 
In the UK, industrial production rose 0.1 percent in October from September, a sixth straight month of gains, slightly above analysts' expectations. In the last 12 months, production increased by 3.9%. In France, industrial production rose 1.9% in October, well above analysts' expectations of 0.2%. The figure for September was revised up to 0.8% from 0.6%.
 
In Germany, official statistics published by the Bureau of Statistics show that the country's trade surplus amounted to 19.9 billion euros in October, compared with 21.9 billion euros in September. Economists expected a figure of 21 billion euros.
 
Trading in Asia
Asian bourses rallied this morning on the back of Wall Street's positive trend and investors are waiting for developments regarding the US tax reform and the employment report to be published there today. The Nikkei index closed up 1.4%, Hang Seng climbed 1.2%, and the Shanghai Stock Exchange added 0.6% to its value.
  
Japanese investors are encouraged by the third-quarter GDP figures, which were revised from 1.4% to 2.5%, and a 0.6% monthly increase from the initial 0.4%. Year-on-year rise and a 5% rise in imports, while imports rose 17.7% from 11.3%, while China's trade surplus grew to $ 40.21 billion from $ 35 billion.