Bitcoin markets are breaking out, inching closer to $1,000.
The fourth quarter of 2016 was a volatile period for the price of bitcoin, as speculation increased and exchange-traded volume reached peak levels.
Bitfinex's BFX digital asset – issued to users who lost bitcoin in an August hack – surged to a record high on 1st February.
Bitcoin prices are up more than 3% since the start of the day’s trading, climbing above $950 for the first time in weeks.
Bitcoin volume has been migrating to no-fee exchanges, data shows, but analysts suggest it will be a short-term trend.
Bitcoin trading volume continued to decline on 26th January, following the trend that began when major Chinese exchanges began charging trading fees.
Even after seeing their trading volume drop sharply as of late, major Chinese exchanges are still coming out on top in terms of transaction activity.
Bitcoin prices fell below $900 during late-night trading, continuing that trend as the day continues.
Bitcoin trading volumes continued to suffer a free fall on 24th January, as markets reacted to fee policy changes at major Chinese exchanges.
News of a planned investment trust based on ether classic has seen prices climb, but the token still has much to prove, analysts say.