bitcoin

The price of bitcoin has finally surpassed the $5K territory after a few teases this past spring and summer. During the earlier hours of October 12, bitcoin’s market value spiked past the $5,000 range and has reached an all-time high of $5846 per BTC across popular global exchanges. Bitcoin’s pathway to $6K is within sight

he Japanese Yen is still leading the global trade volume race, capturing 57 percentof bitcoin’s fiat exchange volume at the time of writing. The USD and South Korean Won follow the lead, as Europe and China trail a just a touch behind the top three countries in trade volume. Right now the top five exchanges processing the most bitcoin volume include Bitfinex, Bithumb, Bitflyer, Bitstamp, and GDAX. As the price lifted both cryptocurrency exchanges and the bitcoin network itself was quite busy. Network congestion has increased a bit, and there is currently 30-50K unconfirmed transactions waiting in the mempool