Bitcoin has been taking traders on a wild, highly volatile ride on Thursday.
The cryptocurrency rocketed past $US16,000 early Thursday, just hours after clearing $US15,000 and about 12 hours after hitting $US14,000. On some exchanges, bitcoin was trading above $US19,000 on Thursday. Crypto exchange Coinbase showed a $US3,000 per coin jump on Thursday before the site went down amid “record high traffic.” It is now showing a price closer to $US16,000. Data from Markets Insider show the price hitting an all-time high of $US16,623,64 per coin.
As bitcoin price fluctuates wildly, other cryptocurrencies like ethereum and litecoin are falling. Here’s the scoreboard as of 1:06PM ET.
- Ethereum-1.49% at $US416.80
- Litecoin-5.69% at $US90.86
- Bitcoin cash -6.79% at $US1,258.16
- Dash-2.66% at $US648.94
- Monero-3.53% at $US245.04
- Ripple-4.13% at $US0.21