What was the highest price for 1 bitcoin?

Futures for the world's most popular cryptocurrency rose by up to 26 percent from the opening price in their debut session at Cboe Global Markets Inc. The price of Bitcoin plummeted after South Korea announced more measures to regulate bitcoin trading, including a possible closing of exchanges, amid volatile movements in the world's third largest cryptocurrency market. The SEC announced in a presentation its decision to deny the NYSE Arca exchange of Intercontinental Exchange Inc. the possibility of listing and trading the SolidX Bitcoin Trust, an exchange-traded product (ETP) that would trade as a stock and track the price of the digital asset.

The Commodity Futures Trading Commission (CFTC) has sent subpoenas to four cryptocurrency exchanges, Bitstamp, Kraken, itBit and Coinbase, demanding answers on the issue of market price distortion. Since Bitcoin Gold was issued, its price has plummeted by more than 66 percent in the first two hours. The decision is widely ridiculed as being difficult to handle and too complex, as it forces users of the currency to record the market price of Bitcoin in each transaction, subject to a series of virtually unknown calculations. The fund, which trades under the symbol BITO on the New York Stock Exchange, tracks Bitcoin (BTCUSD) prices through futures contracts that are traded on the Chicago Mercantile Exchange (CME).

Over the following weeks, new restrictions gradually strangled Chinese cryptocurrency markets, as stock exchanges repeatedly tried to find innovative and lasting ways to stay operational, and prices around the world plummet dramatically. The investigation focuses on illegal practices that can influence prices, such as counterfeiting or flooding the market with false orders to trick other operators into buying or selling. The price of Bitcoin skyrocketed after the Chinese government backed the accounting technology underlying the digital currency. By weakening trust in Bitcoin and the validity of some transactions, the price plummets briefly and Mt.

For example, since Bitstamp has different exchanges than Coinbase Pro, each of these exchanges will show a different price for Bitcoin. Finally, if consumers and investors believe that other currencies will prove more valuable than Bitcoin, demand will fall, taking prices with it. Like other currencies, products or services in a country or economy, the prices of Bitcoin and other cryptocurrencies depend on perceived value and on supply and demand. A single bidder (venture capitalist Tim Draper) won all the auctions, indicating that the prices of his winning bid were much higher than the current market price.

They used the exchange's software to sell them all nominally, generating a mass order at any price.

Harvey Edgeman
Harvey Edgeman

Hipster-friendly zombie specialist. Proud troublemaker. Evil twitter lover. Pizzaaholic. Unapologetic coffee practitioner.