BITCOIN CROSSED  $19000 MARK

 December 18, 2017 | 16:47 UTC

This year bitcoin has achieved new milestone, The cryptocurrency’s price largely continued its upward trajectory since first week of December this year in 2017, firstly its crossed $10000 mark in second week and then in third week, culminating with the CoinDesk Bitcoin Price Index’s all-time high of $19,783.21 on Dec. 17.

But in a refrain of the moves seen after many of the all-time highs this year, that close encounter with $20,000 was followed just days later by a 30% drop that shaved billions of dollars off of the total cryptocurrency market capitalization. It was one of the biggest market corrections seen to date, sending bitcoin’s price tumbling below $11,000.

Over the coming days, the price of bitcoin would recover, climbing back beyond $16,000 and higher on other cryptocurrency exchanges worldwide. Yet as shown in the most recent graphs and price data, bitcoin’s value has begun falling, dropping to the mid-$13k’s on Dec. 28 after opening the day above $15,000.

Indeed, the moves of the past few months raise the same old question: where does bitcoin’s price go from here? If 2017 is any indication, all bets are truly off.

News Source Coindesk | Image via PIXABAY