So Long, $10k: Bitcoin Price Unstoppable As $11,000 Becomes New Benchmark
Despite hitting $10,000 among major exchanges just hours ago, Bitcoin has already tackled $11,000 as markets show no signs of slowing. The first hours of Wednesday saw $10,000 come and ago on Coinbase, Bitstamp, Bitfinex and others, with trading continuing to just below $10,700 before a correction. That correction was short-lived, however, with Bitcoin then passing that mark to first hover around $10,750 and then continue to the next barrier soon afterwards. Both Bitcoin’s rate of growth and comparative lack of volatility are unprecedented in its history. Prices are up almost 1500% in 2017 alone, with expectations by even the more optimistic forecasters now seeming modest. New bubble warnings in the mainstream press contrast with investment sources at a loss as to how high Bitcoin could go in 2018. BTCC CEO Bobby Lee even took a randomized approach, basing his $48,000 prediction on the number of his Twitter followers. ...