How High Could Bitcoin Go in 2017?
One factor that's going to help Bitcoin is the fact that government paper looks ever more shaky. Bitcoin had a great 2016, becoming the world’s top performing currency. However, 2017 so far has been a rollercoaster ride – 20% up, then 35% down, then bouncing back. So what does this year hold? Will Bitcoin go through the roof, or hit the floor? One factor that’s going to help Bitcoin is the fact that government paper looks ever more shaky. Demonetisation in India and Venezuela told people their bank notes were effectively worthless – making Bitcoin, which doesn’t depend on any individual....
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Bitcoin achieved a new milestone on Monday. The flagship cryptocurrency hit a fresh record high for the first time in three years as traders increased their bids in hopes of earning big profits. It was trading as high as $19,864 during the US session, up 9.16 percent on the day. That trampled its 2017 record […]
You can’t keep a good decentralized, peer-to-peer, global digital currency down. After a turbulent first month of 2017, Bitcoin closes January strong and gets back to a net gain for the month. Bitcoin Price Pares 2017 Losses. Bitcoin price always seems to struggle at the start of any calendar year, and January of 2017 was no different. Bitcoin had threatened the all-time price record during the first week of 2017, reaching a high of $1,153 USD on the 5th. However, over the next 48 hours, the price bubble bursts, and Bitcoin lost over 25% of its value. Just one week after its 2017 peak,....
The price of bitcoin inched upward over the course of trading today, passing $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014. Though the price (at press time) was still shy of a three-year high of $1,023 set in January of that year, the milestone nonetheless marks a bright beginning to 2017 for the digital currency. (Bitcoin appreciated by more than 100% in 2016). The price had reached as high as $999 earlier in the day only to fall back to the $960s, a pattern that was similarly observed over the last week of trading as bitcoin failed to build momentum....
What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation? Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value at the end of the ICO boom. In the years since, the asset has never again come close to these prolific price highs — until now. Crypto's first currency is once again trading a few percentage points away from its previous milestone as of press time.While crossing $20K may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all time high in terms of buying....
Bitcoin is in a bull market and anyone who understands the cryptocurrency’s potential knows that much higher prices are ahead in the short- and long-term. But how high would prices actually reach if the cryptocurrency’s price action mimicked the epic 2017 rally, tick for tick? An analyst at Ark Invest has come up with a […]