This week was yet another fantastic week in the world of bitcoin and the end of 2016. Bitcoin spent the entire year dominating wrapping up the year-end at $960 USD per BTC. Following this on the first day of 2017 bitcoin crossed the four digit mark at $1005. The last time the digital asset hit this milestone value was in November of 2013.
Another week has passed in crypto-land with Bitcoin on an extremely bullish run. At press time the price per BTC is holding strong at US$790 and reached a high of $795 this past weekend. The digital asset is at its highest price point over the past three years since 2013’s exponential climb. Bitcoin dominance continues to stay above 86 percent, and market capitalization has reached a high of over $12 billion. It sure has been an exciting week in the world of Bitcoin.
Bitcoin’s was full steam ahead this week in various cryptocurrency markets all around the world. The price is currently just under $770 per BTC, and there's been heavy volume with over $57 million daily trades. Bitcoin dominance continues to hold above 86 percent, and Ethereum has since climbed back up the ladder since our last report. The cryptocurrency community has also been laser focused towards countries like India having unusual economic times.
It has been another voracious week in the Bitcoin landscape as the digital currency was just shy of hitting its all-time high in price this year. On December 2, BTC value drove to a maximum of $778 coming close to this past Junes high of $780. The cryptocurrency’s fiat value has dipped since then dropping to a low of $759 at the time of writing. Many industry experts envision the bullish run to continue with end of the year predictions in the $800-1,000 range.
The Bitcoin blockchain rolls on as another productive week has passed. The virtual currency’s price has been pretty stable ranging from US$725-738 this week. As the BTC fiat value has been uneventful, people have been wondering if there will be an uptrend or downtrend within the near future. Technical indicators show there is still a bullish trend with the 100 Simple Moving Average (SMA) and 200 SMA patterns showing a continued upswing. For now, the price remains steady as cryptocurrency community waits for a breakout.
Bitcoin has had yet another eventful week as the cryptocurrency’s market capitalization had crossed 12 billion USD in value. The digital currency had risen to a high of $755 per BTC over the course of the weekend and the bullish run in trading markets look promising. Bitcoin’s fiat value has been choppy, to say the least with room for various intra-range trading strategies. Many cryptocurrency enthusiasts hope the price will continue its upward trend.
