Fox Business Flash top headlines for October 6
Check out what’s clicking on FoxBusiness.com.
Bitcoin was trading 7.87% higher on Thursday morning.
The price was around $54,552 per coin, while rivals Ethereum and Dogecoin were trading around $3,590 (+6.58%) and 24.9 cents (+2.03%) per coin, respectively, according to Coindesk.
Bitcoin is the world's biggest and best-known cryptocurrency. It is up 98.9% from the year's low of $27,734 on Jan. 4, a Reuters report said.
BARSTOOL'S PORTNOY ON JPMORGAN'S DIMON'S SKEPTICISM OF BITCOIN: 'IT'S NOT GOING ANYWHERE'
Coindesk reported the Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is analyzing whether certain stablecoins might be eligible for its coverage, five people familiar with the agency’s thinking said.