Bitcoin's Price is Back Within $100 of its 2017 High
The price of bitcoin keeps creeping higher. Bolstered by buoyed sentiment (and the increasing unlikelihood that China’s central bank will again step in and correct the market), bitcoin breached $1,050 at 13:00 UTC amid a near-3% increase for the day so far. The total marked the highest point observed on the CoinDesk Bitcoin Price Index (BPI) since 6th January, just a day after the price dropped nearly $200 within hours of hovering near all-time highs set in late 2013 (a move that was widely attributed to the widespread use of market leverage). The price movements come amid an uptick in....
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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....
Bitcoin price struck a high of $1025 on the Bitstamp Price Index (BPI), ringing in the new year with numbers unseen since January 2014. Price flirted with the $1000 milestone throughout most of yesterday, before scaling the figure at 20:40 UTC. The price of bitcoin had already scaled $1000 on the first day of 2017 Although the day began with bitcoin trading to the dollar at $998.65, bitcoin price pulled back above the psychological and significant milestone in the early hours of the day. At 02:45, price registered at $1001.19 and the value of bitcoin has been making gains ever since. At....
Bitcoin price has overtaken its 2017 high, but should investors expect the top-ranked altcoins to do the same? After a rather lengthy wait, Bitcoin price is finally back to the same price range it was in 3 years ago. Back in 2017, when the Bitcoin (BTC) price peaked near $19,900, most altcoins also posted 200% or higher weekly gains.Fast forward to the present time, and BTC's $19,100 price is virtually identical to where it was on Dec. 17 2017. One might think that not much has changed, despite some altcoins crashing, but that couldn't be more distant from the truth.Crypto market data....
2016 may have been a dynamic year for the price of bitcoin, but 2017 is shaping up to be a dramatic one already. Bitcoin's race past $1,000 (and subsequent gyrations above and below that line) have already sparked headlines (both good and bad) worldwide, as today's dramatic fall from above $1,100 drove a massive influx of interest in the the digital currency. If you’re just tuning in to the action, you may be wondering how things got to this point in the first place. To get you up to speed, it may be helpful to look back at the past week's major price developments that took exchange....