Bitcoin Continues To Skyrocket, Now Up To $6,600

Investing, News | November 1, 2017 By:

Bitcoin continued its bull run today, rising as high as $6,600 per single coin on some exchanges. This most recent surge puts it again at an all-time high and within striking distance of $7,000, and perhaps close to $10,000 by year-end.

Along with legacy bitcoin, Bitcoin Cash is also surging, now over $500 per single coin in early trading. Adjustments to its code and a strong push from Korean traders may account for the renewed interest in the legacy bitcoin offshoot.

Bitcoin market highlights for the 24 hours ending November 1, 2017 at 3:00 pm U.S. Eastern Time:

The highest price seen was $6,645.73 on the GDAX exchange at 12:36 pm today. GDAX saw $120,066,000 of bitcoin change hands.

The lowest price seen was $6,216.00 on BTCC’s exchange at 7:00 pm yesterday. BTCC’s 24 hour volume was $42,237,000.

The average price on the surveyed exchanges, as weighed by volume, was $6,461.45.

Volatility was nearly average, with the BlockTribune Volatility Index coming in at 50.8. 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.