Bitcoin prices are almost all the way back after a $2,000 crash, a stunning comeback that portends well for future growth. As of this morning, legacy bitcoin (BTC) was at an average single-coin price of $7,670, a gain of close to seven percent over the last 24 hours.
Bitcoin sailed back over the $7,000 mark today, hitting as high as $7,300 on some exchanges. The climb up from the $5,800 level has been faster than the descent to the bottom, proving once again the incredible volatility of digital currency.
The air is gently being let out of Bitcoin Cash’s prices.
Bitcoin continued its long climb back today, hitting the $6,700 mark on some exchanges before falling back slightly. Legacy bitcoin suffered a $2,000 single-coin price loss since its $7,900 all-time high, but investors seem ready to get it back to those heights in short order.
It was a bit of lost weekend for legacy bitcoin. After plunging down as low as $5,800 ( a drop of over $2,000) for single coins, BTC has rallied. It’s now back up to $6,400, but has a long way to go to get back to its $7,900 peak.
Bitcoin prices rebounded strongly today, bouncing up more than eight percent and hitting at all-time high of $7,950 on at least one exchange.
News that the anticipated hard fork will not happen on Nov. 16 has buoyed BTC prices, and the overall cryptocurrency market also responded with green arrows.
Legacy bitcoin (BTC) broke the magic $7,000 per single-coin barrier today in early morning trading, continuing the bull run that has seen it smash through the $6,000 barrier in short order on its march.
Upstart Bitcoin Cash is also on a roll, now sitting at $554 just before the coming fork adds it to individual exchange portfolios this month in an amount equal to bitcoin holdings.
Bitcoin continued to set new records, rising as high as $6,400 in single-coin pricing today on the Bitfinex exchange. This marks the second consecutive day legacy bitcoin (BTC) has set a new all-time high.
The rest of the cryptocurrency markets basically stood still today,
A resurgent bitcoin briefly went up to $6,300 in single-coin pricing today, hitting an all-time high before falling back to earth at just over $6,000.
Bitcoin Cash was the weekend’s big winner, soaring to over $520 per single coin before falling back to earth today at a still-high $444 at mid-day.
Legacy bitcoin (BTC) briefly returned to glory today, nudging over the magic $6,000 single-coin price line before falling back to the $5,700 level. The see-saw of the last several days indicates the uncertainty in the market caused by the pending SegWit2x wars and the arrival of Bitcoin Gold on the scene.
Bitcoin got back off the deck today, rising from its $5,500 bottom yesterday to touch the $5,900 mark before falling back slightly.
The recovery was welcome relief to investors, who no doubt spooked by the Bitcoin Gold fork, which created a new blockchain incompatible with the existing version of bitcoin.