Rollercoaster Bitcoin Price Ride Prompts Some Brokers to Hike Margins

[kreslik.news]

Retail forex and CFDs brokerage Deltastock today announced that it is temporarily hiking margin requirements on all cryptocurrency instruments. The move is dictated by a stunning rise for Bitcoin quickly followed by a swift crash. Other brokers have already started taking precautionary measures.

Today’s rollercoaster ride proves that Bitcoin isn’t for the faint of heart anymore. It has been a rather eventful 24 hours for the Bitcoin market. A couple of hours ago, the digital currency set a new all-time high at around $11,500. Maintaining the level has proved to be a lot more difficult than overtly excited investors anticipated. In ... (read more)