Bitcoin Price Goes Beyond 1000 USD Mark Yet Again
Posted By : Anirudh Bhardwaj | 03-Feb-2017
2017 is turning out to be the year of Bitcoin as the latter is continuously marching its way towards glory from the very beginning of this year. Merely a month has passed and yet the entire Bitcoin Community is gleaming with joy and excitement as the Bitcoin price once again surges beyond $1000 mark. For all one knows, it’s the second time when the price rose beyond $1000. At the time of writing, the bitcoin price is looming around $1020 and as inconceivable as it sounds, it is expected to rise even further in the coming months. By the end of 2016, the BTC price started to show some vigorous signs of a potential upsurge and it finally happen during the New Year eventide when the Bitcoin price broke all the barriers and surpassed the $1000 mark. Alas, it didn’t last long and within the next few days, the BTC price fell by a small margin and then it kept staggering around the $950 mark until yesterday.
As compared to the last six months, the price has been appreciated by a whopping sum (more than 100%). Not only that, the existing market cap of Bitcoin rose as high as $16 bln which even more than that of Twitter and LinkedIn.
Also read Bitcoin Price Touches 1000 USD Mark Amidst The New Year Eventide.
Bitcoin Price Charts
The Bitcoin Price chart shown above gives an explicit view of the BTC price fluctuations since the beginning of this year to this date. As per the reports of Coindesk, the Bitcoin price opened with $997 as of January 1, 2016 and touched the $1000 mark later that day. After that, it enjoyed a steady incline for the next three days and after reaching a certain threshold ($1129.87) on January 4, it started declining.
On January 6, 2017, the price reached $895 and then the price fluctuations went stagnant for a while. On January 11, the price fell by more than 2.5% and went as low as $775. But from the next day itself, it started to show the signs of an upsurge. Following is the tabular analysis of the BTC price variations from January 12 to February 02.
|
Date |
BTC Price |
|
2017-01-12 |
802.8288 |
|
2017-01-16 |
830.2638 |
|
2017-01-20 |
891.6238 |
|
2017-01-24 |
885.6475 |
|
2017-01-28 |
920.28 |
|
2017-01-31 |
967.6675 |
|
2017-02-01 |
987.3463 |
|
2017-02-02 |
1007.795 |
As a matter of fact, the experts have already predicted that 2017 is going to witness some drastic inclinations in the BTC price and it is very likely to go beyond $2000 mark in the coming months.
Cookies are important to the proper functioning of a site. To improve your experience, we use cookies to remember log-in details and provide secure log-in, collect statistics to optimize site functionality, and deliver content tailored to your interests. Click Agree and Proceed to accept cookies and go directly to the site or click on View Cookie Settings to see detailed descriptions of the types of cookies and choose whether to accept certain cookies while on the site.
About Author
Anirudh Bhardwaj
Anirudh is a Content Strategist and Marketing Specialist who possess strong analytical skills and problem solving capabilities to tackle complex project tasks. Having considerable experience in the technology industry, he produces and proofreads insightful content on next-gen technologies like AI, blockchain, ERP, big data, IoT, and immersive AR/VR technologies. In addition to formulating content strategies for successful project execution, he has got ample experience in handling WordPress/PHP-based projects (delivering from scratch with UI/UX design, content, SEO, and quality assurance). Anirudh is proficient at using popular website tools like GTmetrix, Pagespeed Insights, ahrefs, GA3/GA4, Google Search Console, ChatGPT, Jira, Trello, Postman (API testing), and many more. Talking about the professional experience, he has worked on a range of projects including Wethio Blockchain, BlocEdu, NowCast, IT Savanna, Canine Concepts UK, and more.