The price of bitcoin has dropped considerably since it touched its all-time high of $19,600 per BTC on December 17. Since then markets have been quite bearish across the board, leading to lows in the $11K zone on December 22. Bitcoin markets have rebounded since then, and the price per BTC across global exchanges has been moving sideways for the past 72 hours.
Bitcoin markets have been extremely bearish leading up to Christmas day on December 25, 2017. At the moment the price of bitcoin core (BTC) is hovering between $14,000-14,300 on many trading platforms worldwide. However, there has been some significant price spreads between a few exchanges leading people to try and obtain some arbitrage. For instance the price per BTC on GDAX is currently $14,400, and at times the price has been $200-400 higher over the past three days. Bitcoin trade volume worldwide for a holiday is pretty decent as $10Bn worth of BTC has been swapped in the past 24-hours. Visiting a few Telegram channels like the Whale Pool, or the Whale Club people can see that traders are still very active during the holidays.
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Topic: [2017-12-25]Markets Update: Bitcoin Price Moves Sideways During the Holiday Lull (Read 101 times)
December 25, 2017, 03:43:58 PM
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