Published On: Tue, Nov 28th, 2017

Ultimate Wow: Bitcoin Reaches $10,000 For The First Time

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Bitcoin now costs $10,000 as the world’s biggest cryptocurrency reaches five figures for the first time in its history.
$10,000 Bitcoin Increased 1300% In 2017
Data from Coinmarketcap covering multiple major exchanges confirms that on average, a single bitcoin costs around $10,031 and even more in some markets. Prices on individual exchanges for BTC/USD range from an ultra-conservative $9774 at CoinsBank to $10,197 at Gatecoin. 
The move beats even the more optimistic expectations from industry investors and forecasters and continues a phenomenal year that has seen BTC increase in value more than 12 times over.

Bitcoin is up 1,195% in the past year.Price targets for the next 5 years assuming it maintains that growth rate…Nov 2018: $121,717Nov 2019: $1,576,056Nov 2020: $20,407,680 Nov 2021: $264,250,362Nov 2022: $3,421,665,147$BTC.X
— Charlie Bilello (@charliebilello) November 26, 2017

Despite multiple hurdles from the likes of Chinese regulators and hard forks of its own network, BTC has still not finished 2017’s success story. Its run from $5000 to $10,000 was particularly impressive, taking place in a matter of months and including several significant corrections.
The historic boundary crossing came with broad celebration from users and industry figures alike.
Mainstream Press Wheels Out Bubble Narrative… Again
Last week, even as BTC remained between $7000 and $8000, a survey showed …

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