Menu IconA vertical stack of three evenly spaced horizontal what happened to bitcoin today. Bitcoin, the red-hot cryptocurrency, had a wild run in 2017. Here’s a look back at some of the significant events that drove big price swings in the market known for extreme volatility. To say bitcoin had a wild 2017 would be an understatement.
14,500 by December 29 — a rise that’s grabbed the attention of Wall Street. That climb was marked by extreme volatility, multiple splits in its network, and naysayers who derided it as a fraud and toy for criminals. Yet, as we enter the new year it appears the digital currency will continue to mature as a recognized asset class on Wall Street. Already bitcoin futures have begun to trade on major markets — allowing investors to bet on its price without holding the coin itself.
Bitcoin kicked off 2017 on a negative note. SEC denies permission for a bitcoin ETF. Bitcoin retested its old gains after anxieties over China wore-off. Today, Japan is among the strongest markets for bitcoin.