Bitcoin Price Rockets To One-Year High on Record Volumes
Correction: Article has been updated to reflect that one-year high is based on BPI closing prices. 36% gain was achieved in last two weeks, not last four days. The price of bitcoin has hit its highest closing price in the last year, trading at $436 and climbing at press time, according to the CoinDesk Bitcoin Price Index. Bitcoin has gained an astonishing $115 or 36% over the last two weeks. It was changing hands for $320 a coin on 25th November. The price briefly touched $500 on some exchanges on 4th November before dropping under $400 in the following days. The strong rally is....
Related News
The price of Bitcoin in China went past $990 this afternoon, as Chinese investors continued to push high volumes in local exchanges. Most investors at this time of the year are hoping to evade capital controls and circumnavigate cash restrictions, as noted by Holger Zschaepitz, financial author and editor of Welt. Further yuan devaluation and tightening of capital controls. Analysts revealed that Bitcoin hit record high volumes this past week, which ultimately led to its price rally and pushed the price of Bitcoin to increase by over 20 percent. Zero Hedge suggested that Chinese investors....
Bitcoin exchange trade volumes have soared over the past week as the bitcoin price hit its high for the year. Exchanges are reporting some of the highest volumes seen this year. Over the counter (OTC) trading has also taken off with over three times normal trading volumes according to Genesis Trading. ItBit's Director of Trading Bobby Cho released the trading desk's October 2015 report yesterday showing monthly trading volumes up 42 percent over September: itBit Bitcoin OTC Market Data Summary for October 2015. Total Bitcoin Volume Traded: 41,328 XBT. Total USD Amount Traded: $10.1....
In the wake of inching closer to its 2016 peak, CoinDance indicates that the worldwide weekly volume of popular P2P Bitcoin marketplace, LocalBitcoins, reached a new all-time high on record USD volumes last week with five countries - USA, Malaysia, Brazil, Venezuela, and Sweden - recording all-time highs within the same period. LocalBitcoins CEO Nikolaus Kangas says: “It was certainly one of the busiest weeks on our platform ever.” The highest price of the top digital currency this year stands at $763.33 in June. Last week, the price reached $720.29, the closest to the peak rate for the....
The world's leading payment services provider processed $145.60 million worth of Bitcoin trades on the day BTC rallied to its record high of $67,000. Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Oct. 20, just as the benchmark crypto rallied toward its record high near $67,000.The latest spike in volumes came out to be the highest since the May 19 Bitcoin price crash from around $43,500 to as low as $30,000. On the day, some $304 million worth of BTC changed hands, almost double the volumes logged on Oct. 20.Bitcoin PayPal volumes.....
Bitcoin has maintained high prices well into the first week of November. The month is expected to follow bullish trends that were triggered in the previous month and bitcoin has not been disappointed in this regard. However, some metrics remain low compare to the price of BTC. This could be as a result of investors taking profit in the market but low enough to draw attention to them. BTC had seen a lot of investment pour into it the week after the first ETFs went live. The record-breaking $1.4 billion inflow for the week had pushed the price of the digital asset towards a new all-time....