Bitcoin Close To Magic $10,000 Mark – But Then Stalls

Investing, News | November 27, 2017 By:

Bitcoin’s remarkable run-up over the weekend fell just short of the magic $10,000 per single coin level, stalling at the $9,700 mark before retracing slightly.

The rapid rise from the $8,500 level caught everyone by surprise, and made for incredible momentum heading toward the end of the year. Suddenly, the talk of bitcoin $25,000, bitcoin $50,000, or even bitcoin $100,000 doesn’t seem so far-fetched.

Bitcoin cash also had a good weekend, albeit not to the heights of its ancestor. It’s currently holding at the $1,600 per single-coin level. Elsewhere, other cryptocurrencies were green arrows all around, as bitcoin’s run pulled the market along.

Bitcoin market highlights for the 24 hours ending November 27, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $9,799.99 on the BTCC exchange at 6:06 am today. BTCC saw $90,630,400 of bitcoin change hands.

The lowest price seen was $8,600.00 on BTCC’s exchange at 1:48 pm yesterday. BTCC’s 24 hour volume was $90,630,400.

The average price on the surveyed exchanges, as weighed by volume, was $9,551.88.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 54.2. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 6 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.