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Bitcoin Starts 2017 at the $1000

Samburaj Das on 01/01/2017

The new year starts memorably for bitcoin, as the bullish trend seen throughout late 2016 continued into 2017, with bitcoin striking a high – at the time of publishing – of $998 on the Bitstamp Price Index (BPI).

However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin.

Today’s surge began at 10:00 (UTC) when a bitcoin was trading at $965.36. A quick spike saw price reach $974.59 by the hour’s end. A steady period of trading later, price shot up again. This time, price began at $976.91 at 16:15 before soaring toward $993.97 an hour later at 17:20. It wasn’t long before the BPI struck a high of $998 at 18:45. have peaked beyond

Bitcoin price on Coinbase peaked beyond $1000.

On Bitfinex, price reached a high of $1005.

As ever, surging trading volumes in China have contributed to demand and the ensuing rise in value of the cryptocurrency.

Trading on major Chinese bitcoin exchange BTCChina saw price reach a high of 7148 yuan, approx. $1029, this morning.

Bitcoin’s activity is being met enthusiastically by adopters and observers alike.