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Homepage / News November 16, 2017 457 views

Bitcoin Approaches All-Time Higher As Price Shrugs Sell-Off

Bitcoin Approaches All-Time High As Price tag Shrugs Sell-Off

The cost of bitcoin is spiking, climbing above $7,700 for the very first time because Nov. 8.

At press time, the price of bitcoin is at an typical of $7,741.44, representing a acquire of a lot more than six% because the day’s open of&nbsp$7,279. That figure also signifies a obtain of&nbspover $450, according to the CoinDesk Bitcoin Cost Index (BPI).

As of the time of writing, the value hit a higher of&nbsp$7,769.84 today – a figure that brings it close to bitcoin’s all-time higher of $7,879.06.

The moves – notably noticed in the previous two hours of trading – continue an advance that saw the value of bitcoin exceed $7,500 earlier right now. By contrast, just days ago, the price tag of bitcoin fell beneath $six,000, hitting a three-week low below $5,600 at the time.

Even though the $eight,000 milestone may possibly be in sight – a possibility floated by analysts at Goldman Sachs – further industry information reveals a notable achievement. According to, cryptocurrency markets have seen in excess of $10 billion in trading volume in the previous 24 hours.

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Disclaimer: This article should not be taken as, and is not intended to offer, investment suggestions. Please conduct your personal thorough investigation just before investing in any cryptocurrency.

Published at Thu, 16 Nov 2017 18:40:19 +0000