Bitcoin Continues Price Climb

Bitcoin has remained on a price climb over the last 3 days, making it one of the most noticeable trends across the coins sector, with recent prices increasing by $50 per coin over the past few days. Here are some snapshots from Google Finance:

screen-shot-2016-09-08-at-10-51-54-am

screen-shot-2016-09-08-at-10-52-02-am

While the prices have increased, the volume has remained relatively low (under 100 Million USD), and this could mean that prices could go for a major hike if volume were to increase. The total number of transactions on the Blockchain has been relatively stable as well, which suggests that most of the BTC may be tied up in Altcoins:

screen-shot-2016-09-08-at-10-52-59-am

Bitcoin has also increased its dominance above the 80% mark again with the recent price increase. Will the trend continue?

screen-shot-2016-09-08-at-10-56-46-am

Advertisement

Let The Discussions Begin!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: