News: The price of Bitcoin has doubled in two weeks, now above $16k
Bitcoin prices are hockey-sticking on a hockey stick.
The cryptocurrency’s gains Thursday morning hit new heights striking well above $18k across widely varying exchanges, coming to rest above $16,000 while the popular Coinbase exchange had been suffering major issues due to “record high traffic.”
Bitcoin was trading below $8,000 two weeks ago.
This is a truly, truly volatile game at this point, the swings didn’t appear as consequential when the market cap rested in the low billions, but as institutional pocketbooks push that cap to nearly $300 billion, the stakes are raised considerably.
Read more: https://techcrunch.com/2017/12/07/the-price-of-bitcoin-has-doubled-in-two-weeks-now-above-16k/?ncid=mobilenavtrend
Yeah this past day the gain has been mind boggling to say the least. It did however corrected itself a couple hours ago. I wonder where it’ll stabilize and slow down for a bit. Maybe it is true that it can reach 1 million by 2020