1 June 2017

Bitcoin Recorded More USD Gain in May Than ‘Gox Month’ November 2013


Bitcoin recorded over $960 last month which is it's highest USD growth ever achieved.

Bitcoin Gained More USD in May Than ‘Gox Month’ November 2013

The timing of price activity was crucial, it could be argued. At the start of the last week in May, Bitcoin suddenly declined to below $2,000, losing more than $1,000 of its peak value in 24 hours.

Since then, a correction has been underway, with one coin worth around $2,300 as the clock ticked over into June.

Despite volatility and a slump at the end of the month, May beat out November 2013 to become Bitcoin’s most successful month in dollars. That month, at the height of Mt. Gox’s fame, Bitcoin climbed $860, data reported on Reddit shows.

However, the action pales in comparison to that witnessed by the Ethereum (ETH) camp. A price of around $78 at the start of May ended up as $220 one month later, despite altcoin rising and falling in line with Bitcoin towards the end of the monitoring period.

according to data from Coinmarketcap, four weeks ago, bitcoin prices stood at around $1,360.

Source: Cointelegraph

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