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Bitcoin Climbs Back Over $16K After Falling On Sunday - Dec 11th Cryptocurrency News

303 views · Published 11 December 2017 · 3:14 · Indexed 27 October 2026

Channel: NEWSBTC · 2017 · Science & Technology

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Well I'm sure bitcoin fans have been celebrating as bitcoin hit an all time record high on December 8th surpassing $18,000 dollars. So let’s take a closer look at how it performed over the weekend. Bitcoin fell all the way below $14,000 on Sunday the 10th of December, but today we saw Bitcoin surge all the past $16,000 and hit $17,000 before falling again. Bitcoin currently dominates more than 63% of the total cryptocurrency market and it has a market cap of over  $276 billion. The total cryptocurrency market cap is at an all time high of over $446 billion. Dave Chapman, Managing Director of cryptocurrency trading firm Octagon Strategy told CNBC that he wouldn't be surprised to see a six figure headline, he believes the price of bitcoin could exceed $100,000 before the end of 2018. Saxo bank recently published its list of outrageous predictions. One of its biggest outrageous predictions is that bitcoin will surge all the way past $60,000 in 2018 before crashing to $1,000. Let’s not forget that this was the price bitcoin was at in March 2017. Dr. Craig S Wright posted on twitter that 2018 is the year we bring Bitcoin to its full potential. Bitcoin cash will have more security and no more issues with limits on what it can achieve. Bitcoin Cash is currently in third place with a market cap of over $23 billion. Bitcoin Cash hit a record high on November 12th surpassing $2,300. It fell all the way below $1,000 on November 17th to $884. Bitcoin Cash climbed all the way past $1,600 on Friday the 8th of December it then fell a good bit lower and today it is over $1,300.  

Moving over to some other news, CBOE traded over 800 contracts in its first two hours after its launch of bitcoin future contracts. The website suffered some delays due to a surge in traffic but CBOE said that this did not have an impact on trading activity. 

Now let’s take a look at Bitcoin gold, which is currently in 8th place with a market cap of over $4 billion. The team behind bitcoin gold posted on twitter that they have requests from community's members everyday to have BTG listed on various exchanges, we actively seek out exchanges and contact them about Bitcoin gold. But they are asking the community for some help, by contacting local exchange and asking them to support Bitcoin gold.

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