Cryptocurrency Continues To Explode With Bitcoin And Ethereum Leading The Charge

by Brandon Hill — Sunday, November 26, 2017, 11:14 AM EDT

If you've been following cryptocurrency news over the past few months, then you know that Bitcoin has been on an incredible winning streak. On August 26^th, Bitcoin was at $4,300. Three months later, Bitcoin's price has more than doubled.

At this moment, Bitcoin has breached yet another high, sitting at $9,065. At the beginning of the month, Bitcoin crossed the $7,500 threshold and hit $8,000 just over a week ago. Today's milestone shows that Bitcoin's growing momentum could allow it to hit $10,000 by year's end.

This latest push means that Bitcoin's market cap is now sitting at $151 billion.

BITCOIN IS OVER 9000!!!!
Been saving this meme for a while 😏 $BTC pic.twitter.com/RSFWX5xY0s
— Arman Ghorbani (@ArmanSays) November 26, 2017

The buzz around the cryptocurrency lead Coinbase, the top Bitcoin exchange in the United States, to add roughly 100,000 accounts during the Thanksgiving holiday. "Anecdotally, everyone I have talked to in the cryptocurrency community has said that Thanksgiving table discussion was all about bitcoin, and that inspired many family members to buy bitcoin," said BK Capital Management founder and CEO Brian Kelly in an interview with CNBC. "I suspect that pattern was repeated across tables everywhere."

Bitcoin has increased 843 percent since the start of 2017.

Not to be left out, Ethereum is also riding high this weekend. Over the past 24 hours, hit an all-time high of $483, inching close to that elusive $500 mark. “I think we end the year at close to $500 in Ethereum,” said billionaire cryptocurrency investor Mike Novogratz in an interview with Bloomberg TV last week. “There’s a lot of positive things happening in the Ethereum ecosystem." Here we are a few days later, and Novogratz's prediction is coming true.

Ethereum is up 5,885 percent since January 1^st, 2017.

Tags: bitcoin, cryptocurrency, ethereum

Brandon Hill

Brandon received his first PC, an IBM Aptiva 310, in 1994 and hasn’t looked back since. He cut his teeth on computer building/repair working at a mom and pop computer shop as a plucky teen in the mid 90s and went on to join AnandTech as the Senior News Editor in 1999. Brandon would later help to form DailyTech where he served as Editor-in-Chief from 2008 until 2014. Brandon is a tech geek at heart, and family members always know where to turn when they need free tech support. When he isn’t writing about the tech hardware or studying up on the latest in mobile gadgets, you’ll find him browsing forums that cater to his long-running passion: automobiles.

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