Bitcoin Reaches $13,000, How High Will It Go?

$13,000

Bitcoin’s price continues to climb as it has now reached over $13,000.

Source: CoinMarketCap

As per CoinMarketCap, the Bitcoin-U.S. dollar (BTC/USD) exchange rate jumped to an all-time record high of $13,200.30 at 11:04:13 UTC. At press time, the cryptocurrency is changing hands at $12,827.20 and is up 7.82 percent on the day. BTC’s price is up 77.61 percent, for the month and 1578.55 percent for the year.

Source: CoinMarketCap

As 2017 comes to a close, I think it’s now safe to say that the world’s original cryptocurrency has had a monumental year. Up over 1500 percent, the digital token is set to be taken mainstream in less than two weeks on two major exchanges, offering Bitcoin futures to the public. The Nasdaq Exchange is now currently looking into offering these futures and have speculated the release to be around mid-2018.

The cryptocurrency has had three occasions this year when it has dropped over 20 percent. Many critics and investors are now wondering when Bitcoin’s bullish run will come to a halt or turn, for the worst. Time will tell, as December 10th is just around the corner.  

Source: CoinMarketCap

Either way, BTC could remain well bid as investors may price-in the potential surge of institutional interest in the cryptocurrency following the listing of BTC futures on the CME exchange – anticipated for a Q4 launch.

Featured Image: Depositphotos/© spaxiax

Chelsea Roh is a freelance content writer living in Vancouver, BC. Her current focus is cryptocurrency, financial analysis and blockchain technology. In addition to content writing, she is an experienced Social Media Manager/Strategist. Before moving to Canada, she spent 10+ years marketing and working hands on in the medical practice industry.