Bitcoin blew past $8000 but dropped back to $7900

By Avatar on
November 17, 2017
  -   Like us now!  

Bitcoin’s price is skyrocketing. Just a couple of weeks ago it crossed $7000 mark, and yesterday on 16th of November, the most dominating cryptocurrency has passed $8000 mark. It is now trading at a price of $7907 to be precise, as you can visit TechJuice homepage from desktop devices to get instant price updates in PKR.

According to an estimate, this year Bitcoin has boosted its price up to 700 percent as it started from $1000, earlier this year. Analysts from Goldman Sachs believes that Bitcoin’s price might hit $10,000 by the end of the year.

Bitcoin has gained acceptance in mainstream and now it’s not hard to believe that it can succeed in all those predictions. An increase in Bitcoin’s price is always expected when political and business leaders around the world talk about the impact of cryptocurrency as an alternative to conventional trade.

Recently, CME Group, a leading marketplace for derivatives has also announced the development Bitcoin futures. Such initiatives have enabled Bitcoin to reach this new all-time high. The rising number of cryptocurrency investors has also resulted in the increase of jobs in this sector.

Bitcoin is now trading at $7907 which is almost equal to 83,0000 PKR, while the price of 2nd most popular cryptocurrency, Ethereum is far below, trading at $330.

Like our stories? Follow our Instagram for pictorial updates.Follow @techjuicepk

OnePlus 5T is finally here with bezel-less display and optimal price
Samsung Galaxy J2 Pro 2018 leaks with Snapdragon 430


NameDescriptionLink is a peer-to-peer bitcoin exchange, a site where you can list your own bitcoins for sale or buy bitcoins directly from other users.Buy Bitcoins
Coinmama lets you buy bitcoins with your credit card or cash.Buy Bitcoins
With Binance, you can buy and sell Bitcoins and altcoins easily. Get into Cryptocurrency trading on this exchange.Buy Altcoins
Coinbase is the easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.Buy Bitcoins