{"id":31899,"date":"2020-11-17T15:13:57","date_gmt":"2020-11-17T13:13:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31899"},"modified":"2025-08-28T06:00:06","modified_gmt":"2025-08-28T03:00:06","slug":"bitcoin-price-hits-17700","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-hits-17700\/","title":{"rendered":"Bitcoin price hits $17,700."},"content":{"rendered":"<p>Bitcoin, the leading cryptocurrency, breached the $17,000 level, posting a new 2020 high. <!--more--><\/p>\n<p>The chart below shows the price jump amid a surge in trading volumes.<\/p>\n<div id=\"attachment_116727\" style=\"width: 1106px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116727\" class=\"size-full wp-image-116727\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/11111.png\" alt=\"Bitcoin price reaches $17,700\" width=\"1096\" height=\"791\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/11111.png 1096w, https:\/\/u1f987.com\/wp-content\/uploads\/11111-300x217.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/11111-1024x739.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/11111-768x554.png 768w\" sizes=\"auto, (max-width: 1096px) 100vw, 1096px\" \/><\/p>\n<p id=\"caption-attachment-116727\" class=\"wp-caption-text\">Hourly <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\" target=\"_blank\" rel=\"noopener noreferrer\">BTC\/USD<\/a> chart from Bitstamp on TradingView.<\/p>\n<\/div>\n<p><strong>Update:<\/strong> Bitcoin price reached $17,700.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?14\" data-telegram-post=\"forklog\/16077\" data-width=\"100%\"><\/script><\/p>\n<p><strong>Update:<\/strong> The &#8220;printing press&#8221; of the stablecoin Tether has come back to life. Among recipients of the new issuance is the cryptocurrency exchange Binance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 17,000,000 <a href=\"https:\/\/twitter.com\/hashtag\/USDT?src=hash&#038;ref_src=twsrc%5Etfw\">#USDT<\/a> (17,143,301 USD) transferred from Tether Treasury to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a><\/p>\n<p>Tx: <a href=\"https:\/\/t.co\/Z69Rt3LvdV\">https:\/\/t.co\/Z69Rt3LvdV<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1328744958648602624?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin&#8217;s rally has revived the rest of the market. Here is the Top-10 by market capitalization:<\/p>\n<div id=\"attachment_116726\" style=\"width: 883px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116726\" class=\"size-full wp-image-116726\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-335.png\" alt=\"Bitcoin price reaches $17,700\" width=\"873\" height=\"331\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-335.png 873w, https:\/\/u1f987.com\/wp-content\/uploads\/2-335-300x114.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-335-768x291.png 768w\" sizes=\"auto, (max-width: 873px) 100vw, 873px\" \/><\/p>\n<p id=\"caption-attachment-116726\" class=\"wp-caption-text\">Among the top-10, XRP, Litecoin, Polkadot and Cardano rose the fastest over the day. Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGecko<\/a>.<\/p>\n<\/div>\n<p>The current market capitalization of Bitcoin \u2014 <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"noopener noreferrer\">$315.4 billion<\/a>, the dominance index \u2014 64.1%. The price of digital gold at the time of writing \u2014 $17,025 (Bitstamp). The last time Bitcoin traded at such a high level was January 2018.<\/p>\n<div id=\"attachment_116736\" style=\"width: 1531px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-116736\" class=\"wp-image-116736 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-200.png\" alt=\"Bitcoin price reaches $17,700\" width=\"1521\" height=\"770\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-200.png 1521w, https:\/\/u1f987.com\/wp-content\/uploads\/3-200-300x152.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-200-1024x518.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-200-768x389.png 768w\" sizes=\"auto, (max-width: 1521px) 100vw, 1521px\" \/><\/p>\n<p id=\"caption-attachment-116736\" class=\"wp-caption-text\">Weekly BTC\/USD chart for the Bitstamp exchange on TradingView.<\/p>\n<\/div>\n<p>According to The Block analyst Larry Cermak, Bitcoin&#8217;s price would need only about $400 more to reach a new all-time high in market capitalization.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We only need about $400 more to surpass Bitcoin\u2019s market cap all-time high. Only about $15 billion away <a href=\"https:\/\/t.co\/1fHqcBm2BM\">pic.twitter.com\/1fHqcBm2BM<\/a><\/p>\n<p>\u2014 Larry Cermak (@lawmaster) <a href=\"https:\/\/twitter.com\/lawmaster\/status\/1328672432312512518?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the wake of Bitcoin&#8217;s rise, the percentage of coins that had lain unmoved for more than two years fell to new lows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc9 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Percent Supply Last Active 2+ Years just reached a 3-month low of 44.012%<\/p>\n<p>Previous 3-month low of 44.013% was observed earlier today<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/QABODbVlQG\">https:\/\/t.co\/QABODbVlQG<\/a> <a href=\"https:\/\/t.co\/na7zy9h340\">pic.twitter.com\/na7zy9h340<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1328673108627230721?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Realized capitalization for Bitcoin also hit an all-time high.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Realized Cap just reached an ATH of $128,578,406,096.02<\/p>\n<p>Previous ATH of $128,570,271,179.49 was observed earlier today<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/C8JhD26mC1\">https:\/\/t.co\/C8JhD26mC1<\/a> <a href=\"https:\/\/t.co\/JguLjOarIt\">pic.twitter.com\/JguLjOarIt<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1328627992541728769?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst Willy Woo noted that over the past week miners sold far more coins per hour than a month earlier \u2014 328 BTC versus 11 BTC. As a result, the price has risen confidently despite mounting bear pressure.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Since <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> was at $11.4k a month ago, miners have been selling an average 11 BTC per hr at exchanges.<\/p>\n<p>In comparison 214 BTC per hr has been scooped off exchanges. This is net flows of buyers over sellers.<\/p>\n<p>This week\u2019s average is 328 BTC per hr.<\/p>\n<p>(<a href=\"https:\/\/twitter.com\/glassnode?ref_src=twsrc%5Etfw\">@glassnode<\/a> data)<\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/1328527907732406272?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, Bloomberg analyst Mike McGlone <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-market-cap-could-rise-to-1-trillion-after-hitting-20000\">expressed confidence<\/a>, that Bitcoin&#8217;s market capitalization would reach $1 trillion in the second half of 2021.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, the leading cryptocurrency, breached the $17,000 level, posting a new 2020 high.<\/p>\n","protected":false},"author":1,"featured_media":31900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-31899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31899"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31899\/revisions"}],"predecessor-version":[{"id":31901,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31899\/revisions\/31901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31900"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}