January 2, 2017
As 2017 kicked off, and with the bulk of other global markets closed, Bitcoin took the stage, hitting a fresh milestone atop $1,000.
A single Bitcoin US:BTCUSD was trading at $1,013 early Monday, according to pricing data from Coin Market Cap. Other big exchanges such as Bitfinex, Kraken and Coinbsae showed the cryptocurrency topped $1,000 late Sunday, according to a report from Bitcoin.com.
The fresh high for Bitcoin, now trading at levels not seen since November 2013, has also pushed market capitalization records above $16 billion. The digital currency rose more than 100% in 2016, and some expect the price could reach as much as $3,000 in 2017.
The cryptocurrency looked set to reach $1,000 in the waning days of 2016, after taking out a key level above $800 in early December. MarketWatch’s Joseph Adinolfi has noted that analysts have attributed a range of factors to bitcoin’s strength, including increased adoption by professional investors and fears of instability surrounding the world’s biggest economies.
This article was posted: Monday, January 2, 2017 at 6:53 am