Bitcoin and Ethereum: new heights

BTC and ETH showed new price heights on the background of upcoming big events
13 October 2017   3158

Bitcoin price

Today, October 13, the rate of the Bitcoin confidently surpassed the level of $ 5500 and fixed a historic high at the mark of $ 5920 (Bitfinex exchange):

Bitfinex
Bitfinex Bitcoin Chart

On the hourly chart, a correction of the price with consolidation around $ 5550 is clearly visible.

As for other popular stock exchanges, such as Poloniex and Bitstamp, then on these trading floors the price did not reach such high values. The maximum bitcoin was slightly lower, near $ 5,800.

Thus, the price set the resistance level at $ 5800-5900. A strong support level is in the region of $ 4800-5200.

The current rise in the price of the first crypto currency is largely due to the approaching probable hardfoot Segwit2x. It is possible that investors are buying bitcoin in the hope of obtaining an equivalent amount of "alternative bitcoin," as it was in August this year.

Another important factor in price growth is the gradual growth of SegWit-transactions in the bitcoin network:

SegWit Charts
SegWit Charts

The graph shows that the share of SegWit-transactions in the bitcoin network already exceeds 10%.

According to the Coinmarketcap service, the current value of bitcoin capitalization is $ 95B. The aggregate capitalization of the crypto-currency market is $ 169.8 billion.

Ethereum price

Etherum gained more than 6% in last 24 hours, showing the rapid price rise. 

Ethereum Charts
Ethereum Charts

At the moment, average Ethereum price is $325.48 with historic maximum at $386.83 (was reached at Aug 31 2017). Market cap is more than $30B and 24h trading volume is almost $1B. 

Main reason of Ethereum price rise can be upcoming hardfork called Byzantium. At the moment, Byzantium launch is planned on the October 16, 2017. 

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   145

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.
 

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.