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Bitcoin tops $17,000 on one exchange, surging more than $5,000 in less than two days
30 minutes ago, the headlines said $15,000.______________________________________________________________________
Source: CNBC
Bitcoin tops $17,000 on one exchange, surging more than $5,000 in less than two days
• Bitcoin rocketed higher, crossing the $17,000 mark in less than two days after topping $12,000 for the first time.
• The digital currency's latest swing higher comes after a 20 percent plunge last week
• The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges
Evelyn Cheng | Fred Imbert
Published 20 Hours Ago Updated Moments Ago
Bitcoin soars past $16,000 Bitcoin surges to $16,000 on the Coinbase exchange
1 Hour Ago | 00:39
Bitcoin rocketed higher Thursday, crossing the $17,000 mark in less than two days after topping $12,000 for the first time.
In trading on the Coinbase exchange, the digital currency rose above $17,000 and was last at $17,350. The price on Coinbase is often at a premium over other exchanges. Coinbase is one of the major cryptocurrency exchanges accounting for a third of bitcoin trading volume.
Bitcoin now has a market value of more than $270 billion, meaning it would rank among the 20 largest stocks in the S&P 500.
The latest swing higher came as bitcoin topped $12,000 Tuesday night in a rapid recovery from a 20 percent drop last week.
-snip-
• Bitcoin rocketed higher, crossing the $17,000 mark in less than two days after topping $12,000 for the first time.
• The digital currency's latest swing higher comes after a 20 percent plunge last week
• The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges
Evelyn Cheng | Fred Imbert
Published 20 Hours Ago Updated Moments Ago
Bitcoin soars past $16,000 Bitcoin surges to $16,000 on the Coinbase exchange
1 Hour Ago | 00:39
Bitcoin rocketed higher Thursday, crossing the $17,000 mark in less than two days after topping $12,000 for the first time.
In trading on the Coinbase exchange, the digital currency rose above $17,000 and was last at $17,350. The price on Coinbase is often at a premium over other exchanges. Coinbase is one of the major cryptocurrency exchanges accounting for a third of bitcoin trading volume.
Bitcoin now has a market value of more than $270 billion, meaning it would rank among the 20 largest stocks in the S&P 500.
The latest swing higher came as bitcoin topped $12,000 Tuesday night in a rapid recovery from a 20 percent drop last week.
-snip-
Read more: https://www.cnbc.com/2017/12/06/bitcoin-tops-13000-surging-1000-in-less-than-24-hours.html
______________________________________________________________________
Source: The Verge
Bitcoin hits $15,000
By James Vincent@jjvincent Dec 7, 2017, 6:35am EST
-snip-
What happens next is anyone’s guess, and most analysts are united only in their uncertainty over the cryptocurrency’s future. Bitcoin long ago stopped being useful for actually buying things (partly because of its rocketing value and partly because of achingly-slow transaction times), so the questions facing speculators are: is this a bubble? And if so, when will it burst?
Some traders figure we’re getting close, and are preparing to short Bitcoin; that is, make bets that its value will decrease in the future. “[It’s] one of the greatest shorting opportunities ever,” cryptocurrency Lou Kerner told Bloomberg earlier this week. “You have a lot of zealotry, and a lot of people, including me, who think it’s the greatest thing to ever happen in the history of mankind. You have a lot of people who think it’s a bubble and a Ponzi scheme. It turns out both of them can’t be right.”
-snip-
By James Vincent@jjvincent Dec 7, 2017, 6:35am EST
-snip-
What happens next is anyone’s guess, and most analysts are united only in their uncertainty over the cryptocurrency’s future. Bitcoin long ago stopped being useful for actually buying things (partly because of its rocketing value and partly because of achingly-slow transaction times), so the questions facing speculators are: is this a bubble? And if so, when will it burst?
Some traders figure we’re getting close, and are preparing to short Bitcoin; that is, make bets that its value will decrease in the future. “[It’s] one of the greatest shorting opportunities ever,” cryptocurrency Lou Kerner told Bloomberg earlier this week. “You have a lot of zealotry, and a lot of people, including me, who think it’s the greatest thing to ever happen in the history of mankind. You have a lot of people who think it’s a bubble and a Ponzi scheme. It turns out both of them can’t be right.”
-snip-
https://www.theverge.com/2017/12/7/16745178/bitcoin-value-15000-milestone
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