$7,000: Bitcoin price renewed its historical maximum

Price Bitcoin November 2017


The first digital currency has already hit a new price record for the third time within the week. On November 2, Bitcoin surpassed the $7,000 mark for the first time.

In spite of the fact that Bitcoin has only approached the new top on popular exchange markets like Bitfinex and Bitstamp ($6,966 and $6,961 respectively), the digital gold’s average trade-weighted exchange rate leaped over this ambitious mark long before that:


This is happening because Bitcoin is most actively traded on the largest South Korean exchange market Bithumb. The first cryptocurrency’s price currently exceeds $7,300 on this trading platform.

Currently, the Bitcoin’s capitalization value equals $117.3 billion; the daily trading volume exceeds $3.5 billion. The aggregate cryptocurrency market capitalization heads towards the $190 billion mark.

According to the analytical service CoinDance, Bitcoin has grown by almost a quarter during the last week, almost four times for the last six months, and within the last 12 months, the price of the “digital gold” has raised by 881%:


At the same time, altcoins experience a deep dump on the market at present. The most tradable one among them, Bitcoin Cash, is an exception, showing a clearly positive dynamics shortly before its hard fork. Thus, just within the last 24 hours, BCH has grown by more than 15%.

Bitcoin hit its previous price record on Tuesday, October 31, when, amid positive news about CME Group’s plans, the first cryptocurrency’s price reached the $6,400 mark.

To recap, every Monday, Andrey Podolyan, the Neuron Company’s analyst, presents his Bitcoin price evaluation on ForkLog.