Bitcoin Now $15 Bln Market, Going to $1000 Mark

Bitcoin Now $15 Bln Market, Going to $1000 Mark

admin 2017, Bitcoin Awareness, Bitcoin Bank, Bitcoin Market Capitalization, Bitcoin Price 0 Comments

The total USD value of Bitcoin supply in circulation as calculated by the daily average market price across major exchanges has just crossed a new all-time high $15 bln record today December 27, 2016, as its unit price continues to climb closer to the $1000 mark. According to CoinMarketCap, $129.7 mln worth of Bitcoin has been transacted in the last 24 hours. This amount is a little lower than those recorded during recent price changing events. On Christmas Eve, for example, about $224 mln was transacted in a day yet the price of Bitcoin was $920. Hence, it beholds that the transaction volume is still likely to increase in another 24 hours as the price of Bitcoin is on its upward trend – at $938 as at the time of this writing and increasing at a rate of 3.7%. This pace brings back to memory the claim by CEO of CivicKey Vinny Lingham that the price of Bitcoin could reach $1000 before this year ends. Though several market observers still maintain a wait and see approach to the unfolding price situation, the wait does not seem too far ahead. Now, at almost $950 and still with five more days to …