Over the last few hours Bitcoin price jumped again, and it's now close to the $12,000 level, trading on average at $11,833.
Again, the growth is led by Korean exchanges, with Bithumb and Coinone both showing prices over $12,000:
Interestingly enough, all top 5 currencies are in green, with DASH inching close to $800.
One of the potential causes for this growth may be related to December 18th, a date from which Bitcoin derivatives will be available on the US market. This still doesn't explain why the highest price comes from Korean exchanges, though.
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Looks like there won't be any pull back for now, $20k seems to be imminent target.
I agree that the trend is really strong. We're in an uncharted territory now but if there will be some resistance, the pullback should be really strong.
Very true!
@dragosroua If you believe in Clif High Web Bot then we will go to 13,888 before we have a pullback in Bitcoin. I think people that want to add to a position should wait for a Pullback in Price. I try not to chase the prices higher.....................
it is trading at 13298.98 on indian exchange
Wow! Thanks for this info, which exchange is that?
koinex.in
350 billion total market cap is nothing, the target should be something between 9/10 trillion if not more for the whole crypto market, by that time you will just need a QR code for worldwide payments, exciting!
Atomic swaps and lightning network currencies will lead the market.
The difference in price between Korean exchanges and the rest is quite significant. Is that only due to a high demand of bitcoin in Korean market or could be for other reasons?
Would be useful to see the % of price increase by exchange.
Rumors of war.
Bitcoin each week is rising like never before great patterns to follow and invest
I am still of the opinion that it will dip, news is driving this trend like never before.
Yesterday it was already on 12k on some brazilian exchanges!
I expect lot of investors wil buy bitcoin for themselves before they buy it for theirs clients on 18.12. when CME starts trading bitcoin futures.
https://steemit.com/bitcoin/@petermail/how-big-bitcoin-will-b
great analysis and very informative information.thanks for sharinghey @dragosroua
Yes, I have seen it. Bitcoin is being traded with very high volumes but I still suspect how long will it continue because at this time ethereum and dash seem to me the future because of their confirmation time and transaction fee. Why people will use that cryptocurrency which takes a lot of time to be transferrred?