Despite a bumpy week which saw Bitcoin price drop to below $6,000 at one point, the cryptocurrency fluctuated around the $6,500 mark, until earlier today it passed the $7,000 threshold for the second time ever.
Here are a couple of screenshots from Coin Market Cap that will give you a better idea how Bitcoin has fluctuated over the past seven days:
In case you were wondering, the sudden jump in value amounts to an almost 10-percent increase in the last week, according to Coin Market Cap.
The cryptocurrency was slated for a controversial software update, designed to increase the blocksize, and, in the process, split the Bitcoin chain in two separate entities, creating two independent currencies.
Meanwhile, Goldman Sachs Vice President Sheba Jafari last week speculated that the popular crpytocurrency will consolidate at around $7,941 until it eventually climbs up over $8,000.
Until then, I hope you got to score some Bitcoin on the low during last week’s dip – if not, better aim to catch the next one.
Published November 15, 2017 — 16:58 UTC