FTSE LIVE: Bitcoin heading for the moon again; Gold holding ground at $1400

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FTSE CLOSE: Bitcoin heading for the moon again; Gold holding ground at $1,400; Retailer Bonmarche seeks rescue deal

The FTSE 100 closed down 6.04 points at 7416.39 and the pound was at $1.27 against the dollar.

Bitcoin was ‘mooning’ again today; slang used among its proponents meaning heading up fast. 

There seems to be a return of the enthusiasm for cryptocurrency last seen in late 2017.  It was trading at around $12,700 a coin this morning having only crossed the $10,000 line on Friday night, while some other major cryptos such as Ethereum are also putting in strong rises.

Elsewhere, gold’s rise has halted for now but it is holding its ground above the $1400 line. 

In company news, struggling retailer Bonmarche has given its backing to a £5.7million bid by Edinburgh Woollen Mill Group billionaire Philip Day in a U-turn on an earlier rejection. 

 

 

 

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