+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Bitcoin is climbing on the last day of 2017

Dec 31, 2017, 18:20 IST

A chart showing the value of bitcoin on 31 December, 2017.Markets Insider

Advertisement
  • A bitcoin was worth $13,324 at 12.30 p.m. (GMT) on New Year's Eve.
  • It was up 4% on the previous 24 hours.
  • A single Bitcoin has increased in value 13-fold since January 1.


Bitcoin started the final day of 2017 with an increase in value, and looked set to end the year on a high note.

The cryptocurrency was up more than 4% as of 12.30 p.m. on New Year's Eve 2017, according to data from Markets Insider.

Its value was $13,324 per coin, having gained more than $540 in value over a 24-hour period.

Bitcoin had a rocky ride over the Christmas period, swinging from below $13,000 to above $16,000 in the final week of the year.

Advertisement

Bitcoin was still down on its all-time high of $19,843 per coin, which it hit around December 17, 2017, before a sharp fall in which it briefly dipped below $11,000.

A chart showing the value of bitcoin over the course of 2017.Markets Insider

The cryptocurrency was still down 12% on its value one week before, but was trending upwards into the new year.

If the price holds steady for the rest of New Year's Eve, Bitcoin will finish 2017 be up around 1,300% from its value at the start of the year, when it was hovering around $1,000.

NOW WATCH: Why your iPhone's battery life gets shorter over time

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article