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Bitcoin Price Rises To $14,300. Five Things To Know About The Cryptocurrency

13 January, 2018 1:02 PM
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Bitcoin Price Rises To $14,300. Five Things To Know About The Cryptocurrency

1. Bitcoin price trades at $14,370 on the Luxembourg-based cryptocurrency exchange BitStamp, while the average price of major exchanges worldwide is $14,499, 2.5% higher than the previous session's closing.

2. The bitcoin prices have been under a lot of pressure for past few days since they trade in the tight range of $14,000 to $15,000 per coin.

3. The bitcoin prices had jumped to $17,000 on January 5 on the media reports that paypal co-founder Peter Thiel's Founders Fund had made massive bets on bitcoins in the previous year.

4. Bitcoin's market cap had hit a high of $293 billion on January 6 and $294 billion on January 7, though it had peaked to $326 on December 17 when bitcoin was trading past $19,600 on BitStamp.

5. Bitcoin's market cap and that of ethereum (second most popular cryptocurrency) are narrowing. Bitcoin has a market cap of $243 billion while that of ethereum is $132 billion.

Also read: China's central bank says market to play decisive role in yuan exchange rate

Source: ndtv.com

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