Bitcoin soared to an all-time high of $16,623 per coin on Thursday, according to data from Markets Insider.
But pricing of bitcoin was all over the place, with some exchanges listing the coin thousands of dollars apart from each other.
At the same time, 24-hour trading volumes skyrocketed to an all-time high above $28 billion, according to CoinMarketCap.
Bitcoin, the scorching-hot cryptocurrency, had a wild morning Thursday, but it’s not just its price that broke records.
Bitcoin was all over the place Thursday. It reached an all-time high above $19,500 on Coinbase’s GDAX exchange, whereas data from Markets Insider showed a record print of $16,623. It’s price on GDAX shed more than $4,000 in less than an hour at one point during the day. At the time of writing, bitcoin was trading at $17,299 on GDAX.
That eye-popping volatility appears to have translated into record volumes for the cryptocurrency market, according to data from CoinMarketCap, a leader in crypto-market data.
24-hour trading volumes, according to CoinMarketCap, reached above $28 billion for the first time on Thursday. At last check they were at $28.7 billion, up from $5.5 billion at the same time last month. To put that in …read more
Source:: Businessinsider – Finance