The rampaging run continues as bitcoin price soars above $2,220 to new uncharted heights led by trading in US markets.
“Bitcoin Price Could Leap over $2000 in 2017” read a CCN headlineciting Danish lender Saxo Bank’s prediction which claimed bitcoin’s price could rise by 165%, due to Trump’s presidency. At the time, bitcoin was trading around $760. They called it.
Seven days to the year after the first symbolic bitcoin transaction where an American programmer paid 10,000 bitcoins for two Papa John’s pizzas, bitcoin has marked the occasion by surging to a new all-time high of $2,238, an average across the world’s bitcoin trading markets. That figure is up 15% on the day and more than 60% in May, which began with a then all-time high of $1,400.
Trading is led by the BTC-USD market, which saw over a third of the world’s bitcoin traded over a 24-hour period with nearly $300 million in bitcoin in USD volumes alone. Asia’s major trading markets in China, Japan and Korea, in that order, totaled above 45% of world’s trading volume.