Bitcoin Caps Comeback, Tops $8,000 For First Time – Bitcoin Cash Also Rises

Investing, News | November 17, 2017 By:

Bitcoin capped its remarkable comeback today by topping the $8,000 single-coin price level on at least one exchange for the first time. It was only days ago that the digital currency had lost $2,000 in value, but its amazing comeback – akin to horse racing legend Silky Sullivan – is a story that shows predictions of bitcoin $10,000 by year’s end may not be far-fetched.

The news was equally good for Bitcoin Cash, which halted its meltdown this morning and started climbing back, gaining more than nine percent to the $1,110 level.

Bitcoin market highlights for the 24 hours ending November 17, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,034.60 on the Bitfinex exchange at 8:18 pm yesterday. Bitfinex saw $778,534,000 of bitcoin change hands.

The lowest price seen was $7,500.73 on Bittrex’s exchange at 3:00 am today. Bittrex’s 24 hour volume was $95,716,000.

The average price on the surveyed exchanges, as weighed by volume, was $7,846.08.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.4. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 5 different exchanges. It includes only BTC/USD trades and only on those exchanges that had at least 1% of the total volume of BTC/USD trades during the measurement period.