Newsflash: Bitcoin Price Bounces Back Above $1,100

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1 BTC = $48352.21 USD  (via Coinbase)
1 ETH = $3801.53 USD  (via Coinbase)
1 LTC = $309.97 USD  (via Coinbase)
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Bitcoin price is on the road to recovery after suffering a significant collapse triggered by rapid selling by investors amid continuing talk of a hard fork as a part of the bitcoin scaling debate. On Tuesday, at the time of publishing, bitcoin price scaled a high of $1,117.9 in an upward climb on the Bitstamp Price Index (BPI).

Bitcoin began Monday at the $1,000 mark, reaching a high of $1,053 an hour afternoon(UTC). The climb was a part of recovery after bitcoin sunk to a low of $944 last week, a 30-day low, losing over 18{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} in value from trading above $1,150 as talk of a hardfork intensified. The notable fall was among the steepest declines in nearly three years and followed a statement by 18 major bitcoin exchanges banding together to reveal a contingency plan in the event of a hard fork.

Bitcoin’s weekend timeout was among its steepest collapses in years.

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After trading through most of Monday under $1,050, Tuesday saw bitcoin cross the mark at 03:00 and the cryptocurrency hasn’t looked back since. The first big gains in the day helped bitcoin prices push toward $1,080 at 05:30 before price hit a plateau. At 11:00 price rose again, from $1,070 to $1,091 afternoon. Bitcoin flirted with the $1,100 milestone until 16:00 before a swell pushed price from $1,088 to a high of $1,110 at 17:15.

At the time of publishing, bitcoin is trading to the dollar at a $1,113.

Price continues to be volatile as the scaling debate continues with the community split between SegWit (Segregated Witness) and Bitcoin Unlimited.

For a live Bitcoin Price chart, click here.

All time references are in Coordinated Universal Time (UTC).

Image from Shutterstock. Charts from Bitcoin Wisdom and Bitcoin Average.

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $48352.21 USD  (via Coinbase)
1 ETH = $3801.53 USD  (via Coinbase)
1 LTC = $309.97 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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