[2017-11-25]Bitcoin jumps above $8,700 US bitcoin exchange adds 100,000 users

[hugeblack]

Bitcoin climbs more than 6 percent to a record high of $8,725.13, according to CoinDesk.

The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts around Thursday's Thanksgiving holiday, to a total of 13.1 million Friday, data shows.

The gains come ahead of the expected launch of bitcoin futures in the second week of December by the world's largest futures exchange, CME.

The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping.

Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday on Saturday. Another digital currency, ethereum, also hit an all-time high of $485.18, according to CoinMarketCap.

"The move appears to be retail driven," said Brian Kelly, a CNBC contributor and CEO of BKCM, which runs a digital assets strategy.

The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts between Wednesday and Friday — just around Thursday's Thanksgiving holiday — to a total of 13.1 million. That's according to public data available on Coinbase's website and historical records compiled by Alistair Milne, co-founder and chief investment officer of Altana Digital Currency Fund. Coinbase had about 4.9 million users last November, Milne's data showed.

Read more https://www.cnbc.com/2017/11/25/bitcoin-tops-8700-to-record-high-as-coinbase-adds-100000-users.html

[CryptoBry]

All things are going well with Bitcoin right now. After that heated 'civil war' with BitcoinCash which the strong message that despite all the challenges faced by the coin currently, it will never be dethroned still as the top cryptocurrency of all time. Well, it is all about the demand and the fact that the market is now anticipating more good news for Bitcoin. I am hoping that the same energy can be carried into the new year making 2018 as the banner year for Bitcoin with less problems and more of good news in many fronts. Hopefully by December we can witness the start of the futures for Bitcoin and this can further push the price into new heights.

[kueyen]

It's funny to see the effect of Thanksgiving at work. Obviously, at Thanksgiving dinners, people had the opportunity to talk to their relatives about what bitcoin is, and apparently a lot of people got convinced This also means that the latest increase is not due to some unknown hidden factor in the market, but more players entering the market with an increased confidence.