Bitcoin Soars To $8,300 Level, Continuing Its Remarkable Bull Run

Investing, News | November 20, 2017 By:

Bitcoin continues to blow up, breaching the $8,300 barrier in the last 24 hours. The amazing rally from $5,800 has happened over the course of a week, proving again that bitcoin investment is not for the nervous.

Meanwhile, Bitcoin Cash, which enjoyed its own spectacular run-up last week before falling back, is now holding steady at the $1,190 level in single-coin pricing. There is a long way to go before it tops its all-time high of $1,800. but its refusal to dip below the four-figure mark should be encouraging for its investors.

Bitcoin market highlights for the 24 hours ending November 20, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $8,300.00 on the Gemini exchange at 11:36 am today. Gemini saw $52,094,000 of bitcoin change hands.

The lowest price seen was $7,610.00 on BTCC’s exchange at 4:42 pm yesterday. BTCC’s 24 hour volume was $64,802,500.

The average price on the surveyed exchanges, as weighed by volume, was $8,070.05.

Volatility was a bit lower than average, with the BlockTribune Volatility Index coming in at 45.5. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 7 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.