Bitcoin price & Altcoin analytics

Bitcoin reached its all-time high of $7,617 on Sunday, November 5, due to the influence of CME Group’s announcement. It proved to be a quite lasting benefit to the market. However, by the end of the day, the price had decreased to $7,175.

Bitcoin is scaling new price heights.

It seems the price of Bitcoin is steadily marching up. Nothing surprising, actually. The closer the 21st million, the higher the price. However, bitcoin, along with other cryptocurrencies, is still kind of volatile, so maybe everything is not so certain, is it? Let’s do some fortune telling and figure out what we should expect by the end of this week.  

Bitcoin’s price managed to stand strongly against the punch from the authorities of China, who have banned ICOs, but another left hook from the head of JPMorgan Chase & Co., Jamie Dimon, who called cryptocurrencies a "fraud", has drawn Bitcoin down sharply.

A notice from the Banking Regulatory Committee led by the People's Bank of China today announced an immediate ban on ICOs. Starting September 4, all ICOs in China will be frozen.

As of Sunday, Litecoin has roared past its own highs and traded past $64 before finally stabilizing at $62. This price surge is surprising as other cryptocurrencies have seen little to no gains over the last week.

This week, Bitcoin’s price reached a new amazing record. On Monday, August 14, the Bitcoin price rose by 4.35% and moved to a level above $4,400.

The Coinbase cryptocurrency exchange has decided to work on adding support for bitcoin cash (BCH) by January 1, 2018. A similar announcement was made by the GDAX (Global Digital Asset Exchange) exchange.

A Bitcoin Hard fork has occurred yesterday, August 1. The first Bitcoin Cash (BCH) block was mined only five hours later after the launch of the hard fork at 12:20 UTC.