Bitcoin Approaches All-Time High As Price Shrugs Sell-Off

in bitcoin •  2 years ago 

The price of bitcoin is spiking, climbing above $7,700 for the first time since Nov. 8.

At press time, the price of bitcoin is at an average of $7,741.44, representing a gain of more than 6% since the day's open of $7,279. That figure also signifies a gain of over $450, according to the CoinDesk Bitcoin Price Index (BPI).

As of the time of writing, the price hit a high of $7,769.84 today – a figure that brings it close to bitcoin's all-time high of $7,879.06.

The moves – notably seen in the past two hours of trading – continue an advance that saw the price of bitcoin exceed $7,500 earlier today. By contrast, just days ago, the price of bitcoin fell beneath $6,000, hitting a three-week low below $5,600 at the time.

Though the $8,000 milestone may be in sight – a possibility floated by analysts at Goldman Sachs – additional market data reveals a notable achievement. According to CoinMarketCap.com, cryptocurrency markets have seen in excess of $10 billion in trading volume in the past 24 hours.

Source: https://www.coindesk.com/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @serawo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote
You made your First Vote
You made your First Comment

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @serawo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published 4 posts in one day

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @serawo! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

The Meet the Steemians Contest is over - Results are coming soon ...

Support SteemitBoard's project! Vote for its witness and get one more award!