It was a good week to be in cryptocurrency. Legacy bitcoin is at an all-time high; ethereum’s ETH is near the magic $400 mark; Litecoin is at record levels, as are Dash and Monero; and the first two unicorns based on initial coin offering (ICO) fundraising have emerged.
The magic $5,000 per single coin price for legacy bitcoin (BTC) is now within sight, as Thursday mid-day prices saw it at an all-time high of $4,700.
With analysts predicting all sorts of sky-high valuations, it seems only a matter of time before BTC escalates into serious territory.
Legacy bitcoin (BTC) again approached all-time highs in single-coin pricing today, as a solid day for cryptocurrencies in general was buoyed by its flagship’s market strength.
At mid-day, BTC was near the $4,600 mark for a single-coin, up just over five percent in the last 24 hours.
Above-average pricing volatility continued today for legacy bitcoin (BTC), as it held firm to a near $4,300 level price for a single coin at mid-day.
The Block Tribune Volatility Index, which measures pricing swings in legacy bitcoin, sat at BTVI 58.1, indicating above-average volatility in the last 24 hours.
The legacy bitcoin train is rolling, with single-coin prices topping the $4,200 mark at mid-day on Monday. It marks a new all-time high for BTC, which elevated over the $4,000 single-coin price for the first time over the weekend.
Today’s price means legacy bitcoin has gone up $700 from Friday’s mid-day price of $3,500.
UPDATE: Legacy bitcoin (BTC) topped the $4,000 single-coin price for the first time in the last 24 hours, going as high as $4,020 on the BTCC exchange.
The price dipped back later in the day, but the move above the important barrier sets the stage for even higher prices in the months to come.
Optimism continued in the cryptocurrency trading community today, as most of the majors were up slightly, led by a nearly three percent rise in legacy bitcoin (BTC).
At mid-day, the single-coin price on legacy bitcoin stood at $3,308, as the gains of the last week held steady.
Some profit-taking marked today’s cryptocurrency activity at mid-day, as legacy bitcoin (BTC) pricing dropped slightly, down about two percent to the $3,323 single-coin level. Other cryptocurrencies were mostly down, with a few performers out-doing the general market.
Bitcoin Cash (BCC) continued to be unusally volatile,
Happy days are here again, or so it would appear for the bitcoin market. Legacy bitcoin (BTC) hit an all-time high today, topping the $3,400 per single coin mark earlier today before giving back some of the gains to sit at $3,331 at mid-day.
The weekend trading was kind to legacy bitcoin (BTC). Today, it set a new all-time high in price volatility on the Block Tribune Volatility Index, which topped the 81.2 mark on Saturday.
Heavy trading boosted the single-coin price of bitcoin BTC above the $3,400 mark today,