Bitcoin Tops $18,000 On One Exchange – Astonishing Price Run-up In Under Two Weeks

News | December 7, 2017 By:

Blink and you’ll miss the latest bitcoin milestone. At least that’s what it seems like, as single-coin prices have gone from $12,000 to $18,000 in days.

It was just November 28 when bitcoin first breached the $10,000 mark, and even that was surprising. Bitcoin was in the $8,500 range at that point, but then started its steady mark skyward. The feeding frenzy seems to have gained the momentum of a snowball rolling downhill, as new levels are breached in hours.

Given its volatile history, it is inevitable that a bitcoin pullback occurs. The only question is how far down it will retrace before the recovery. For now, it’s the wildest ride in cryptocurrency’s brief history.

Bitcoin market highlights for the 24 hours ending December 7, 2017 at 1:00 pm U.S. Eastern Time

The highest price seen was $18,775.00 on the GDAX exchange at 11:24 am today. GDAX saw $1,290,570,000 of bitcoin change hands.

The lowest price seen was $12,575.00 on Bitfinex’s exchange at 1:06 pm yesterday. Bitfinex’s 24 hour volume was $1,985,850,000.

The average price on the surveyed exchanges, as weighed by volume, was $14,480.64.

Volatility was unusually high, with the BlockTribune Volatility Index coming in at 87.9. A higher number indicates greater price volatility with 50 describing an average day.

These statistics were consolidated from 8 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.