Bitcoin has finally surmounted the greatest psychological barrier of all, passing $10,000 and showing no signs of stopping. Following a week of consolidating at all-time high levels around $8,000, Bitcoin found the strength to move up powerfully over the Thanksgiving weekend.
Black Friday saw the currency hit new highs in the upper $8,000s before surmounting the $9,000 level Saturday and immediately charging toward the $10,000 mark Sunday. These price increase come on unusually high volume, with fear of missing out (FOMO) bringing new investors in rapidly.
Bitcoin has had a stunning year, by anyone’s accounting. Having started the year at just under $1,000, the price jump to over $10,000 represents some incredible changes. This growth is not a flash-in-the-pan either, but is supported by growing mainstream adoption and massive trading volume. In just the past 24 hours Bitcoin’s trading volume has exceeded $5 bln. See more. Bitcoin is a fraud no more. It is just like what happened last year as Bitcoin started to pump in price when the month of December is coming, maybe because many people are getting their 13th month salaries and starting to put some of their moneys on Bitcoin and that's just only one reason as there is so many reasons behind this price hike.
