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Bitcoin's Price is Flirting With $1,000
Bitcoin markets are breaking out, inching closer to $1,000.
By Stan Higgins
Updated Sep 11, 2021, 1:03 p.m. Published Feb 2, 2017, 2:50 p.m.
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The price of bitcoin is inching closer to $1,000 once again.
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Prices hit a high of $994.79 during morning trading, according to the CoinDesk Bitcoin Price Index (BPI), after opening at an average of $977.52. Prices haven’t exceeded $1,000 since 6th January, having crossed that benchmark on the first day of 2017.
The price of bitcoin is currently at an average of $993.04.
CNY-denominated markets are up more than 9%, reaching a high of ¥6,890.56. Those markets are averaging ¥6,865.50, BPI data shows, representing an increase of roughly 9.3%
Prices have been rising since earlier this week, a move that came amidst a shift in the exchange ecosystem amongst toward markets that don’t charge trading fees. Observers are split, however, on the long-term trajectory of these trends.
Image via Shutterstock
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Ce qu'il:
- Bitcoin fell to about $67,500, extending weekly losses as renewed trade tensions and legal uncertainty over U.S. tariffs weighed on risk assets.
- President Donald Trump raised the global tariff rate to 15 percent despite a Supreme Court ruling against earlier emergency trade measures, keeping pressure on China and other partners.
- Major cryptocurrencies, including Ether, XRP, Solana, Dogecoin, Cardano and BNB, also declined as digital assets continued to trade in line with broader macro and trade headlines.
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