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Thanksgiving weekend: Bitcoin surges to new record above USD 9000

Monday 27 November 2017 10:13 CET | News

Bitcoin has soared above USD 9,400 on November, 26 following increased investor interest around the US Thanksgiving holiday and Black Friday shopping.

Another digital currency, Ethereum, also hit an all-time high of USD 485.19 November, 25 according to CoinMarketCap. This price increase is driven by the launch of the shopping season within the US, financial analysts consider. Moreover, Coinbase, a large Bitcoin exchange in the US, added about 100,000 accounts between November, 22 and November, 24 — just around Thursdays Thanksgiving holiday — to a total of 13.1 million.

Other cryptocurrency statistics revealed by CNBC show that the US dollar-Bitcoin trading volume accounts for 24% of total trading in the cryptocurrency, while the Japanese yen has the largest share at 59%; the South Korean won comes third at 10%.


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Keywords: Bitcoin, blockchain, cryptocurrency, Black Friday, alternative currencies, crypto, Ethereum, US, Coinbase
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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