Bitcoin $10.000: History of price trends

We have made research related to the most significant periods of Bitcoin price evolution displayed on time chart
28 November 2017   1236

Bitcoin has finally overcome the greatest psychological barrier, passing $10,000. The price of Bitcoin have shown a fast development moving in the upwards direction and growing to $10.000 within past 2 days. Bitcoin rose from the price of $9000 on November 26, when the market capitalisation was $150 billion, to the price of $10.000 on November 28 with market capitalisation of $166 billion.

We have created a time chart related to the most important dates of Bitcoin price trends.

The longest path of the bitcoin counted 1559 days, reaching $100, when the fastest progress took 2 days, reaching $10,000.

Currently, Bitcoin is being actively traded at the following exchanges:

  • Bithumb
  • Bitfinex
  • GDAX
  • HitBTC
  • bitFlyer
  • OKEx
  • Coinone

Bitcoin markets $10.000Bitcoin Markets

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $9984.56
  • Marketcap: $166,806,921,841
  • 24h volume: $5,738,220,000

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   124

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.