The price of bitcoin has doubled in two weeks, now above $16K

Bitcoin prices are hockey-sticking on a hockey stick.

The cryptocurrency’s gains Thursday morning hit new heights, striking well above $18,000 across widely varying exchanges, coming to rest above $16,000 while the popular Coinbase exchange had been suffering major issues due to “record high traffic.”

Bitcoin was trading below $8,000 two weeks ago.

This is a truly, truly volatile game at this point; the swings didn’t appear as consequential when the market cap rested in the low billions, but as institutional pocketbooks push that cap to nearly $300 billion, the stakes are raised considerably.

What’s further disturbing is how widely the prices are varying across exchanges — there doesn’t seem to be a stable consensus on where the price is. While bitcoin prices on Coinbase’s GDAX exchange approached nearly $19,000 (!!!) this morning, others had the price sitting at thousands of dollars less.

via http://www.worldcoinindex.com/coin/bitcoin a few minutes ago

The price is currently trading at $15,499 on Bitfinex and $17,639 on GDAX. Coindesk’s bitcoin price index currently has the cryptocurrency trading around $16,000. These figures have probably swung by several hundred dollars since I typed this sentence.

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