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Bitcoin was traded near its all-time high on Wednesday. According to CoinDesk, the price of Bitcoin rose 2.11 percent to $4,855.08 during Wednesday's trading session. Bitcoin, the biggest cryptocurrency by market capitalization, has gained over 380 percent this year. According to CNBC's recent report, the former hedge fund manager Michael Novogratz sees the price of bitcoin could reach $10,000 in the next six to 10 months due to investor interest. The billionaire plans to invest $500 million in cryptocurrency-related companies. Global Blockchain Technologies Corp. (OTC: BLKCF), Bitcoin Services Inc. (OTC: BTSC), BTCS Inc. (OTC: BTCS), Digatrade Financial Corp. (OTC: DIGAF), MGT Capital Investments, Inc. (OTC: MGTI).

According to another new report from Market and Market, the cryptocurrency market was valued at USD 541 million in 2017 and is expected to reach USD 2.9 billion by 2023, with a GAGR of 32.31 percent during the forecast period. The report indicated that the benefits of compliance-free peer-to-peer transaction, cross-border remittance transfer, and increase in use cases drive the growth in the cryptocurrency market. The market is also segmented into the basis of offering, process, type, end user, and geography. The hardware segment, which is used for the mining purpose, had the largest share of cryptocurrency market in 2016.

Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the TSX Venture Exchange under the ticker symbol "BLOC". Earlier this week the company announced breaking news, "The appointments of its new management team consisting of Mr. Steven Nerayoff as Chairman, Mr. Rik Willard as CEO, Mr. Shidan Gouran as Pr...

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