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.
The 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.