Today the highest the price of bitcoin since December 2013, when the digital currency was worth $1156. Many factors came together in the second half of 2016 to give the Bitcoin to the current $1000. Among these factors: Reduce the reward for the unit twice, political instability and China.
I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.
so many reports about it, but in the end it's all just speculation misses. for now, bitcoin prices are really high, but I also felt that this would be even higher. for now, the price of bitcoin is being stabilized, perhaps due to caused by a lot of people who hold their bitcoin. I believe, bitcoin prices will go up quickly, when they make a transaction, or investment in large numbers again.
Bitcoin value is stablized around 1000$ and more now. I think this would the base value for this year and we might see some bumps and dumps in the market. I hope it should move to more than 1500$ before this year ends.