Newsflash: Bitcoin Price Returns Above $7,500, Hits 7-Day High

November 16, 2017 1:42 PM UTC

It’s been a bullish few days for the crypto market cap as bitcoin price broke above $7,500 to hit a fresh 7-day high.

It has been a week of extreme volatility for the world’s most prominent cryptocurrency. Bitcoin prices declined to $5,500 during the weekend after the cancellation of the Segwit2x fork that led to investors partaking in a massive sell-off that coincided with tremendous gains for Bitcoin Cash (BCH). Come Monday, bitcoin price was trading back above $6,500 following an inverse Bitcoin Cash sell-off that saw the alternative cryptocurrency drop by 22$ in a single day. Bitcoin price soared above $7,000 on Wednesday, leading the charge for a bullish crypto-market that hit a record all-time high above $217 billion.

That continued momentum has stuck, as bitcoin prices climbed back above $7,500 during Thursday’s trading, reaching a new 7-day high of $7,558 (Bitfinex). At the time of publishing, bitcoin price is trading to the dollar at $7,450.

10-day Bitfinex bitcoin price chart. Courtesy: BitcoinWisdom

Altogether, bitcoin price has gained nearly 13% since the turn of Wednesday’s trading and is up 39% from its lowest point on Sunday.

Stay tuned for a price analysis, up next.

Last modified: May 20, 2020 9:48 PM UTC

Samburaj Das @sambdas

Samburaj is the Chief Editor of CCN.com, one of the earliest and foremost publications covering blockchain, cryptocurrency, and financial technology news. He has authored over 2,000 articles for CCN.com. Reach him at samburaj@ccn.com. Visit his LinkedIn profile here or his Muck Rack profile here. Samburaj Das is a Trusted Journalist.