It is hard to imagine that the price of Bitcoin was at over $19,000 per token in December 2017.
Bitcoin News & Articles
All markets get a fresh start in the New Year, and for Bitcoin and the other tokens in the digital currency asset class, 2019 could not come soon enough.
On Friday evening, November 30 the forty-first President of the United States George Herbert Walker Bush passed away at ninety-four years of age.
Last year at this time, Bitcoin was on its way to its all-time high in a parabolic move that took the cryptocurrency to an all-time peak at over $19,000 in December.
Bitcoin continues to frustrate the many investors who came to the digital currency market in late 2017 with dreams of untold riches.
In December 2017 the price of Bitcoin reached a high of over $19,000 which was amazing considering it started that year at below the $1000 level.
The last several weeks have brought meaningful weakness so the currency of several emerging market countries.
Bitcoin has taken a round trip over the last month as it fell sharply starting on August 7th, and has erased almost all the gains month to date.
It has been a rough 2018 for Bitcoin and the digital currency asset class.
Bitcoin has continued to work higher, and is now grinding around $7700. BTC is up 33% since the last week of June when it touched $5850.
In 2017 Bitcoin was all the rage.
The crypto world was on fire in the early frames of this week, as bitcoin made a convincing move to shoot past support at $7,000 and establish a new perch around $7,300.
After a shocking fall from record highs, bitcoin looks far more stable at current pricing than the market has seen in some time.
It was only last November when bitcoin bounced off the $5800 level on the way up to crossing over $19,000 during a meteoric rise crypto traders won’t long soon forget.
When bitcoin futures launched late last year as products on major exchanges in the United States, it felt like a pivotal moment.
Bitcoin prices were devastated in early Friday trading. Without an obvious catalyst, prices were down around 8% and heading lower in the morning trade in the United States.
Crypto markets were rocked over the weekend by the type of volatility and sharp moves that seemingly used to occur daily.
Through 2018 bitcoin has seen a steep down trend form which is in stark contrast to the crypto momentum and mania we witnessed for much of 2017.
The ascent of Bitcoin shock many as the rise from 6 cents in 2010 to highs of $19,343.04 in December 2017 was unprecedented in any asset class.
Since hitting around $9800 on May 4th, bitcoin has tumbled down to around $7,000, and is now trading in the mid $7500’s.
In December 2017 Bitcoin traded to a high of $19,343.04 which was an incredible feat considering it was at six cents in 2010.
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
Cryptocurrency and blockchain conferences and attendees flood New York City this week, in what has been dubbed “Blockchain Week” over the past few years.