The price of bitcoin is once again breaking new all-time highs on Sunday, December 3, 2017. The decentralized currency has rebounded considerably as markets touched an average of US$11,800 after it dipped below the $10K region just five days ago.
The bitcoin price train is moving northbound again, testing uncharted territories. Global trade volume has been high at roughly $5-7Bn traded every 24-hours for the past few days. At the moment one bitcoin is trading between $11,550-11,650 per BTC, and markets are up over 5 percent since yesterday. The top five currencies swapping the most BTC worldwide include JPY, USD, KRW, EUR, and USDT (Tether). Today’s trade volume is around $5.3Bn with Bitfinex, Bithumb, Hitbtc, GDAX, and Bitflyer capturing a vast majority of that share. Cryptocurrency proponents seem fairly optimistic right now as bitcoin has also helped push up the price of the top 14 digital assets, according to data website Coinmarketcap.
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