Bitcoin Blows Past The $14,000 Per Single Coin Mark

Investing, News | December 6, 2017 By:

UPDATE, PART II:  Capping the biggest day in bitcoin’s short history, single coin prices are now at $14,400 as of 7 p.m. Pacific time. It was an incredible rise in value from a day that started in the upper $12,000 range.

UPDATE: Bitcoin blew through the magic $13,000 mark today, and now threatens to breach $14,000. At 1 pm Pacific time, legacy bitcoin stood at the $13,500 mark.

EARLIER: Bitcoin is heading toward the $13,000 mark, and if current momentum holds, may top that level by the end of today. This morning, BTC was trading as high as $12,984 per single coin on at least one exchange.

Bitcoin Cash isn’t climbing as quickly, but is holding its own lofty value at the $1,400 level. And even upstart Bitcoin Gold is in the mix, now trading at $289 per single coin.

Bitcoin market highlights for the 24 hours ending December 6, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $12,984.00 on the BTCC exchange at 12:36 pm today. BTCC saw $168,584,000 of bitcoin change hands.

The lowest price seen was $11,600.00 on Bitfinex’s exchange at 7:00 pm yesterday. Bitfinex’s 24 hour volume was $806,053,000.

The average price on the surveyed exchanges, as weighed by volume, was $12,308.65.

Volatility was unusually high, with the BlockTribune Volatility Index coming in at 69.0. 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.