Bitcoin Price Can Reach $1,000 Before New Year, Hits $990 in China
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....
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A New Year means new goals and new possibilities. Everyone should have a goal to reach for the year to come, and we hope you reach your goals in 2017. Bitcoin has its own goals, but Bitcoin tends to be ahead of the curve when it comes to what it can do, especially when it comes to the Bitcoin price. 2017 has proven no different. Bitcoin Hits $1,000 For the First Time Since 2013. Bitcoin spent New Year’s Day reaching its first watershed moment, eclipsing $1,000 USD in market value after a record period of Bitcoin trading in many markets around the world. Bitcoin began the day, in the West,....
More than half of bitcoiners believe the price of their favourite digital currency will reach $10,000 this year, a CoinDesk poll has revealed. 2013 was a turbulent year for bitcoin, with the price of the digital currency fluctuating between $13 and $1,147, but the bitcoin community largely thinks it will soar way higher than this over the next 12 months. A whopping 56% of the 5,500 people polled so far said they believe the price will reach $10,000 this year. Some 31% said they didn't think the price would rise to this level and 13% thought the notion of it reaching $10,000 was ridiculous,....
Just because the authorities in China are cracking down on bitcoin in China doesn't mean the Chinese population isn't interested in it anymore. Sina.com.cn - China's 4th most-popular web portal - has launched pages dedicated to bitcoin, complete with news, real-time price quotes at multiple exchanges (BTC China, Mt. Gox, OKCoin, etc), and more. Sina launched the pages in hopes of educating investors and just generally keeping them, along with others, in the know. Sometimes referred to as the "Yahoo! of China", the pages will undoubtedly be a tool of education with its widespread reach,....
On Monday afternoon, the price of bitcoin experienced one of its fastest spikes of the year when it rose from $340 up to over $360 on many exchanges before settling back down to around $355 as investors took profits. Over the past 24 hours, the price has risen over 10%, on average, across many of the exchanges. As is typical with a speculative investment such as bitcoin, when the price starts rising, others that have watched on the sidelines begin to experience a phenomenon known as the fear of missing out or FOMO. As the price continues to rise, more people get on board, which further....
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well. Bitcoin (BTC) investors in China plan to buy the dip despite an ongoing market correction and a nationwide crypto ban, a new survey shows.Consensus sees Bitcoin at $10KA survey of 2,200 people conducted on China-based social media platform Weibo found that 8% of would buy Bitcoin when its price hits $18,000, according to Wu Blockchain. While 26% of the respondents prefer to wait until BTC reaches $15,000.But a majority anticipated the price to fall even further with 40% saying they would buy....