BITCOIN PRICE EXPLODES OVER $1,100

Bitcoin has again broken trend out to its best levels since the beginning of this 2017 as overnight buying has the cryptocurrency higher by 4% at $1,101.70, as of this writing it sits at around $1,119 U.S. dollars per bitcoin.

bitcoin price explosion 2017

This is a one year chart showing this 2017 has produced BTC price levels rivaled only by those seen back in 2013 and certainly the highest in the past 52 weeks.

Tuesday’s advance marks bitcoin’s eighth straight gain and has pushed action above the $1,100 mark for the first time since January 5, 2017. A move above $1,161.85 will have BTC trading at its best level since its all-time high which was achieved in November 2013.

The eight-day winning streak comes amid investor speculation the Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds despite analyst concerns that none will be approved.

Bitcoin has had a wild start to 2017 as it rallied more than 20% and surpassing the 1,000 dollar mark in the opening week of the year, propelled by speculative buying in China. It then proceeded to crash 35%, bottoming out below $800, amid concerns China was going to heavily regulate trading.

After shrugging off concerns that Chinese exchanges were going to charge a flat fee of 0.2% per transaction, bullish buyers ran bitcoin above $1,050 before two of China’s largest exchanges said they were blocking withdrawals.

Leave a Reply

GUY MAKES EPIC VIDEO JUST TO SELL HIS 1996 SUZUKI VITARA
Aaron Hernandez John 3 16
Aaron Hernandez John 3:16
Jenna Bush Hager Says Grandma Barbara Bush Lost Two Toes
liquid artwork
LIQUID ARTWORK
GUY MAKES EPIC VIDEO JUST TO SELL HIS 1996 SUZUKI VITARA
Aaron Hernandez John 3 16
Aaron Hernandez John 3:16
Jenna Bush Hager Says Grandma Barbara Bush Lost Two Toes
HOW DANIELLE BREGOLI BECAME A LIVING MEME
pansexual
BEYOND HE OR SHE
WHY I HATE WINNIE THE POOH
Unbelievable 3D Drawings!
The War On Birds