[2017-08-29] Markets Update: Bitcoin Skyrockets to $4650 Setting All-Time High

[Iloveelvis]

Bitcoin’s value is skyrocketing today on August 29 reaching an all-time high of $4,650 per BTC across global exchanges. Bulls don’t seem to be letting up as the price continues to climb after short periods of pullbacks as $5K per BTC could be just around the bend.

After a solid week of bouncing around the $4,250-4,350 range, bitcoin markets kicked into high gear on Monday after the weekend, reaching a new all time high. At press time the price per bitcoin is hovering around the $4580-4630 territory and sell walls look extremely flat on many popular exchanges. Bitcoin trade volume has been strong commanding $2.2B worth of trades over the past 24-hours, and bitcoin dominance is averaging around 46 percent. The highest trade volumes for bitcoin right now are currently stemming from Japan, China, the U.S., South Korea, and India. Interestingly, Asian markets from exchanges like Bitflyer, Bithumb, and Huobi are currently trading roughly $50 less than western exchange spot prices.

Read More Here >>> https://news.bitcoin.com/markets-update-bitcoin-skyrockets-to-4650-setting-new-all-time-high/

[Rahar02]

Coindesk - $4659
Gdax - $4607
OKCoin - $4850
Looks like OKCoin always lead the market relate to bitcoin price.
The Bull already on track, run to $5000 obviously, nothing will stop it right now because segwit has been activated and still in the beginning of its development, many adjustments should be set before all of us could use P2SH addresses which support segwit.
I'm wondering, how much it could be in this month, maybe bitcoin could reach around $6000.

[btc_angela]

Coindesk - $4659
Gdax - $4607
OKCoin - $4850
Looks like OKCoin always lead the market relate to bitcoin price.
The Bull already on track, run to $5000 obviously, nothing will stop it right now because segwit has been activated and still in the beginning of its development, many adjustments should be set before all of us could use P2SH addresses which support segwit.
I'm wondering, how much it could be in this month, maybe bitcoin could reach around $6000.

Its almost the end of the month so my best bet is that $5000 now is very possible in the next month. I think Segwit may have contribute to the massive bull run that we are seeing, or a positive news that huge investors from the precious metals are going all in, that's why the influx of cash in the last couple of days is massive. Obviously, if the trend continues $6000-$7000 is more likely in the next of this year. With that said, its really good to hold on our bitcoin because the price could really hit ATH again and again.

[iamTom123]

Coindesk - $4659
Gdax - $4607
OKCoin - $4850
Looks like OKCoin always lead the market relate to bitcoin price.
The Bull already on track, run to $5000 obviously, nothing will stop it right now because segwit has been activated and still in the beginning of its development, many adjustments should be set before all of us could use P2SH addresses which support segwit.
I'm wondering, how much it could be in this month, maybe bitcoin could reach around $6000.

Its almost the end of the month so my best bet is that $5000 now is very possible in the next month. I think Segwit may have contribute to the massive bull run that we are seeing, or a positive news that huge investors from the precious metals are going all in, that's why the influx of cash in the last couple of days is massive. Obviously, if the trend continues $6000-$7000 is more likely in the next of this year. With that said, its really good to hold on our bitcoin because the price could really hit ATH again and again.

There is a big possibility that even before the end of 2017 we could be able to see Bitcoin reached $6,000 and can go as high as $7,000 in the first quarter of 2018. There are many factors working together providing the needed excitement for the Bitcoin market despite the many problems and challenges the currency recently encountered AND despite the continuing battles for idea supremacy within the Bitcoin community. I am glad that Bitcoin seems to have completely ignored the many negative voices happening around it and just focused on its growth and its full potential as the King of the Cryptos.

[davey76]

I think next year we will be used to see $10.000 for a bitcoin, somewhere near the summer