Bitcoin appears to be in a holding pattern this week, as the market digests the spectacular run that saw it more than double in price in a short time frame. Today saw BTC holding in the $16,000 range, down slightly but not in any danger of significant plunges for the moment.
Bitcoin continued its upward climb today. As of this morning, single-coin prices were around the $17,000 level, with momentum strong on this latest bull run. The BTCC exchange had it at $19,400, which would be an all-time high.
The bitcoin effect is having an impact on other lesser-priced cryptocurrencies as well,
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.
UPDATE, PART II: Capping the biggest day in bitcoin’s short history, single coin prices are now at $14,400 as of 7 p.m. Pacific time. It was an incredible rise in value from a day that started in the upper $12,000 range.
UPDATE: Bitcoin blew through the magic $13,000 mark today,
Bitcoin is experiencing a price surge pull-back today after touching an all-time high on Wednesday. Prices over the last 24 hours saw a high of $7,700 on at least one exchange, down from the $7,900 level for single coins.
Meanwhile, Bitcoin Cash continued its recent upward trend,
Bitcoin rose as high as $7,700 for a single coin over the weekend before retracing to around $7,100 at mid-day on Monday, as the rally apparently lost its momentum to profit-taking.
Bitcoin Cash remained above the $600 mark, sitting at $625 at mid-day,
The up elevator continued for legacy bitcoin, as prices hit the $7,400 level for BTC single coins on some exchanges. It’s yet another all-time high for the coin, and raises the question of whether $10,000 per single coin is possible before the end of the year.
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.
Bitcoin finally passed the long-awaited $6,000 mark for single-coin pricing today, surpassing the mark in early morning trading before slightly retreating at mid-day.
Legacy bitcoin began its climb yesterday at the $5,600 mark, reaching the summit today before retracing to the $5,900 level.