Bitcoin Climbs Past $1000
Breaking Price News
Major bitcoin exchanges are currently trading bitcoin at prices above $1000:
The price move pushes BTC market capitalization above sixteen billion dollars. CoinMarketCap.com reports a live cap at $16,308,780,769.
Recent elimination or reduction of leveraged trading by major exchanges had led some to believe that lessened BTC volatility would result. Today’s price rally demonstrates there is still lots of life left in BTC volatility.
On Poloniex over 38 altcoins registered in the green for a positive daily change:
The increase in altcoins with a 2.43% rise in bitcoin suggests the relationship between altcoins purchased with bitcoin is somewhat weaker than one might expect.
The Chinese New Year and continuing surge in Chinese domestic sales in bitcoin are expected to result in further gains in the short term.