The new year starts memorably for bitcoin, as the bullish trend seen throughout late 2016 continued into 2017, with bitcoin striking a high – at the time of publishing – of $998 on the Bitstamp Price Index (BPI).
However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin.
Today’s surge began at 10:00 (UTC) when a bitcoin was trading at $965.36. A quick spike saw price reach $974.59 by the hour’s end. A steady period of trading later, price shot up again. This time, price began at $976.91 at 16:15 before soaring toward $993.97 an hour later at 17:20. It wasn’t long before the BPI struck a high of $998 at 18:45. have peaked beyond
Bitcoin price on Coinbase peaked beyond $1000.
On Bitfinex, price reached a high of $1005.
As ever, surging trading volumes in China have contributed to demand and the ensuing rise in value of the cryptocurrency.
Trading on major Chinese bitcoin exchange BTCChina saw price reach a high of 7148 yuan, approx. $1029, this morning.
Bitcoin’s activity is being met enthusiastically by adopters and observers alike.
