Bitcoin Reaches $1,000 In 2017!

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Bitcoin

BITCOIN FINALLY REACHES $1,000 IN 2017’S FIRST DAY!

Now, this is what we have all been anticipating for! Bitcoin finally reaches the expected $1,000. If you have been in this industry for long, then you are lucky. If ever it’s your first time hearing Bitcoin, then I’d say, invest in Bitcoin now before it reaches $3,000 next year, or even more than that.

2017 is indeed a promising year for Bitcoin. People are anticipating it a lot since more countries are now open for Bitcoin transaction. Check out more about this amazing news below.

coindesk-bpi-chart-77The price of bitcoin inched upward over the course of trading today, passing $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014.

Though the price (at press time) was still shy of a three-year high of $1,023 set in January of that year, the milestone nonetheless marks a bright beginning to 2017 for the digital currency. (Bitcoin appreciated by more than 100% in 2016).

The price had reached as high as $999 earlier in the day only to fall back to the $960s, a pattern that was similarly observed over the last week of trading as bitcoin failed to build momentum toward $1,000.

The increase notably took place during what was a day of lower-than-average trading volume, 7-day exchange data from Bitcoinity reveals.

As asserted by analysts, 2017 is expected to be a banner year, one that could finally lead the price to pass its all-time high of $1,216.7 set in 2013.

For more on how markets analysts view 2017, find our latest feature here.

via Coindesk.com


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