The close of October pushed analysts into a late-trading Frenzy Friday into the weekend with over $50 Million USD traded across the exchanges in Bitcoin/Litecoin today.
These volumes continue to be consistent between 20 Million to 50 Million USD per day, and more recently have been trending on higher averages closer to the 40-50 mark. These higher volumes may be due to the recent price increases, with the average cost per coin being around $320 USD – up approximately 33%, or $40 from last week. This is a tremendous increase in the Bitcoin field, and Litecoin also showed great late results to close October around $4.00, up 25% from its $3.00 average for most of October.
Is the Bear Run going to hold? In just over two weeks, the price of Bitcoin has climbed, and many analysts suggest this is due to the increased spread of access and ease of use for payment systems such as tap and pay and other payment options that are bridging bitcoin wallets with conventional tap and pay systems.
Will BTC hit $1000 before the end of the year?
Any Predictions for 2016?
Anyone predict 10K for a Bitcoin?
Anyone predict 1K for Litecoin?
And, does anybody know what Ethereum is?
Stay tuned for an update in a couple weeks as we watch how these insane pricing metrics continue to wreak havoc on the currency markets and technology and energy sectors.