Bitcoin Price Volatile After Reaching Historic $10,000 Milestone

Carmela Tim

Oct 2, 2017
The bitcoin price has exhibited intense volatility since breaking through the historic $10,000 milestone.

Tuesday evening, the bitcoin price rose to $10,000 against the dollar, marking BTC/USD’s first foray into five-figure territory. The global average had hit that mark much earlier in the day, fueled by large premiums on bitcoin exchanges in South Korea and Japan, but traders at Western exchanges had been far more hesitant to move across this historic checkpoint. Consequently, BTC/USD traded near $9,900 for most of the day, until — at approximately 9 p.m. ET — bitcoin hit $10,000 on Bitfinex, the largest exchange that supports USD trading.