XBT tops $700, hits $730 a day after $489
XBT hit a 24-hour high of $730 on Monday, up about 49% from $489.03 at midday Sunday. It is the second straight day of sharp gains. Sunday's move took price from the $420s to $489, then to about $548 by Sunday evening, and Monday pushed it past $700.
The run so far
| Sunday midday (Oct 4) | $489.03 |
| Sunday evening | about $548 (24h high $550.01) |
| Monday 24h high (Oct 5) | $730 |
| Gain from Sunday midday to Monday high | about +49% |
| All-time high | $1,799.00 (Monday's high is about 59% below) |
Live price, 24h range and volume are always on the home page.
Why moves this big happen
XBT trades on a handful of markets with thin order books. Sunday's volume was about 1,600 to 1,800 XBT across tracked markets, a small amount next to the coin's supply. When buying stays steady on books that thin, price can move tens of percent in a day, and the same is true on the way down. We have not seen a single headline behind this run.
What to watch next
Mining rewards from blocks 973,440 to 979,920 are still locked. They start unlocking at block 979,920, around early November, at roughly 450 XBT a day for about 45 days. That is new supply miners have not been able to sell yet, and at today's prices it is worth far more than it was a week ago. Live countdown on the unlock page. Hashrate against price is on the hashrate chart.
Earlier: XBT jumps 12% to $489 as volume tops $700K (Oct 4)
Data from xbt.live, which tracks XBT markets and block explorers. Prices move fast on thin books and can differ between exchanges. Not financial advice.