Sunday Update: Bitcoin $20,000 Has Arrived

Investing, News | December 16, 2017 By:

Bitcoin has hit an average of $20,000 per single coin for the first time on the Block Tribune index of exchanges. It’s a capstone to a year to remember in digital currency.

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

The highest price seen was $20,000.00 on the BTCC exchange at 3:24 am today. BTCC saw $370,601,000 of bitcoin change hands.

The lowest price seen was $18,600.00 on Bitfinex’s exchange at 1:18 pm yesterday. Bitfinex’s 24 hour volume was $957,188,000.

The average price on the surveyed exchanges, as weighed by volume, was $19,382.66.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 48.8. 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.

 

 

EARLIER: Bitcoin continued to rebound strongly today, rising to the upper $17,000 per single coin range, a seven-percent gain over the last 24 hours.

As usual, BTC’s strength was reflected in the rising tide for other cryptocurrencies. Ethereum is nearing $700, while Litecoin and Ripple wrap up super-strong weeks.

Bitcoin Cash cooled a bit today, slowing its rocket growth to stay around the mid $1,700 per single coin mark.

Bitcoin market highlights for the 24 hours ending December 15, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $18,500.00 on the BTCC exchange at 12:18 am today. BTCC saw $320,410,000 of bitcoin change hands.

The lowest price seen was $16,155.00 on Bitstamp’s exchange at 4:30 pm yesterday. Bitstamp’s 24 hour volume was $336,073,000.

The average price on the surveyed exchanges, as weighed by volume, was $17,277.08.

Volatility was a bit above average, with the BlockTribune Volatility Index coming in at 57.3. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 4 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.