> Central bankers asking themselves should intervene over use of cryptocurrencies: Nowotny

Central bankers asking themselves should intervene over use of cryptocurrencies: Nowotny

Greg Michalowski

Thursday, 16/11/2017 | 18:06 GMT

ECB Nowotny

Nowotny asks a question of himself and other central bankers:

Should they intervene overuse of crypto currencies as China has?

Bitcoin is not listening.

Looking at the hourly chart, yesterday bitcoin moved above the 100 and 200 hour MAs and today that run higher continued. The price is getting closer to the high from last week at $7882.2496. The high today reached $7700 (well 7699.99). Someone is leaning against that round number. The cryptocurrency is currently trading at 7662.23.