[2017-11-25] Bitcoin Smashes a New All-Time High of $8,700

Samarkand

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Merit: 282

Quote from: CryptoBry on November 26, 2017, 12:41:14 AM

Actually, the three coins: Bitcoin, Ethereum (or Ethers) and BitcoinCash are all surging ahead...as if they are conniving with each other ...

This could also be explained by the fact that all of the coins that you mention have USDT trading pairs. If you take
a look at the huge increase of the outstanding Tether supply in November, you will find out that this new money
(backed or not backed?) is actually driving the surge of all these coins.

Margin markets at Bitfinex are at all-time highs and have increased a staggering 50M $ in the last 24 hours.
This could get even crazier if they release even more Tethers in December.

Argoo

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Now the dollar rate is 8972 dollars, coming close to 9000 dollars. This is his next record high recently. Apparently, the growth of his course was connected with the last fork on November 24, when the bitcoin diamond was severed, and again with the forthcoming fork in the middle of December and the appearance of some kind of super-bottle. Many are now seeking to invest in bitcoin to get these free coins.
As for ethereum, it also grows, yesterday was 664 dollars, now fell slightly to 459 dollars. The growth of the etherium can not but rejoice, because he has long been on the course at a $ 300 course.

CryptoBry

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Activity: 1008

Merit: 355

Actually, the three coins: Bitcoin, Ethereum (or Ethers) and BitcoinCash are all surging ahead...as if they are conniving with each other and just agreed that rather than go fighting each other they better go ahead and rise up. Now, am not anymore complaining with my Ethereum which I bought months ago at $340...am now already in profits. I am sure that holders are quite happy with the way things are happening right now. Go go go cryptocurrency!

Jgilpulg

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Activity: 137

Merit: 10

Ether, the currency that supports Ethereum, has also been rising astonishingly. Indeed, Ethereum’s value has increased more than 5,000 percent since the beginning of this year.

Continue reading here:

https://bitcoinist.com/bitcoin-smashes-a-new-all-time-high-of-8700/

Topic: [2017-11-25] Bitcoin Smashes a New All-Time High of $8,700 (Read 2599 times)