Bitcoin $13K Price Defies All Expectations… AgainDecember 6, 2017 5:52 pm
Bitcoin continued its record climb Wednesday reaching a new all-time high at $13,200, Cointelegraph reported.
At 12 p.m. ET, Bitcoin had fallen back to around $12,575, the report said, having corrected after breaking the barrier for the first time.
New records are now a daily occurrence with Bitcoin over the past week as prices have risen 50 percent from the $9,000 level of a few days ago, the report said.
On Tuesday, Cointelegraph reported as prices passed $12,000 the onset of regulated futures trading was a major driving factor for incoming investment.
With the continued price hike, many wonder when the cryptocurrency run will slow – or reverse, the report said.
Tweeting his forecast Tuesday, Max Keiser, the commentator famous for his Bitcoin and Dash advocacy, said he imagined $15,000 would be the limit at which markets would take stock, the report said.
– WN.com, Jack Durschlag