Sunday Moon: Bitcoin Rises Above $700

News and Analysis

Sunday, June 12, 2016, was noteworthy for bitcoin’s skyrocketing. At the moment of writing, the cryptocurrency price has surpassed $700 at exchanges like Huobi and OKCoin.

At the moment of writing, an average price stands for $696.80, according to Coinmarketcap.


Keeping in mind the forthcoming reward halving, Lightning Network integration and overall development of the industry, the cryptocurrency may break yet another record by surpassing $1,000 in a few weeks, some experts say.

However, different exchanges offer astonishingly different prices. Currently, the lowest known price is at BTC-e ($676), and the highest at BX Thailand ($726). Peer-to-peer LocalBitcoins features some $800 orders.

ForkLog has collected a few reaction pics generated by the community in response to the Sunday Moon’s skyrocketing price.

Notably, the price of Ethereum has also risen and now it stands at $16.82, which is about 13.4% higher, than it was yesterday, with market cap comprising more than $1,3 billion.


The very same dynamics we can see with tokens’ price of the DAO:


The general picture could be quickly described with reference to Polo’s graphs – most cryptocurrencies cannot resist bitcoin’s mad rush and fall into red field.


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