Hello in this video I am going to give you an update on Bitcoin blockchain and all of that good stuff. This is the 27th of December 2017. Update. So the market cap as of creating this video which is 27th of December 2017. Is the market cap is 260 billion dollars, a lot bigger than what it used to be only a month or two ago. It actually hit highs of over $300 billion of over $300 billion.
The current price of the current price is at 15,500 $34 it hit its highest price points of highest price point of all time very recently. And that was at $20,078. That is insane. Just think about that one bitcoin was worth 20 $578 and that was only 10 days ago. That was on the 17th of December 2017. But as you can see the price has gone down since its highest point.
It actually severely dropped in value from its highest to a low of $12,000. In just a few days in just a few days it was just before Christmas, but it is bound back after Christmas, after Christmas, the price is coming back, as you can see was only 12,000 a few days before Christmas and now it's already gone up to 15,000. So that's just normal sort of jump now. But if he was originally at 12, and he went to 15, that would be a crazy jump. That would have been a 25% increase for the first time but this is not insane at all anymore. So what else has been happening?
At sorry about the price of what's been implementing this, the futures markets opened, the futures markets opened which allowed people to quote open future create futures on the Bitcoin currency. A lot of analysts were saying this was gonna hurt the price actually had the opposite effect. It helped the price which was fantastic. I do own some cryptocurrency so it did help me very, very much and I'm sure it helped others around the world as well. Coinbase the largest exchange so coin base, there's a lot of news to do with drop growing properly. So coin base base had a not our new one, they started accepting Bitcoin cash that was becoming bigger and bigger.
He hit hit, he went to over $4,000 in terms of price, that's down to about $3,000 now, but you're certainly accepting Bitcoin cash before he's only accepting Bitcoin aetherium and Litecoin note accepting Bitcoin cash as well. And it also halted accepting Bitcoin cash You have a hotel, though, not long after accepting because this is only a black bear which was illegal they started accepting it week or two and the halted Bitcoin cash and some of the exchanges did as one they just hold to transaction in general, it was due to possible insider trading within coin base on Bitcoin cash, so that made them hold transactions, not just for Bitcoin cash, they actually were holding transaction for buying and selling for a low brief period for the other cryptocurrencies as well. Some of the other exchanges did similar practices, they were also warning that there may be a delay, if you're withdrawing money, if I know cx.io the exchange said if you was withdrawing it through let's say some through a visa mechanism and a MasterCard there will be delays mostly Likely.
So there has been a lot going on with the exchanges. Obviously there's been a increase in demand and there's a lot more media coverage now. I'm getting a lot more people talking to me about it a lot more people asking about it that only a month ago probably didn't even know what Bitcoin or hadn't even heard of Bitcoin. So it's been a crazy roller coaster ride over the last month in Bitcoin. So this was the update for the 27th of December 2017. Look out for my future updates.
And as usual, if you have any questions, feel free to reach out, and I look forward to seeing you in my next video.