Bitcoin opened the year at $601.34 and after dropping to a low of around $500 it consolidated for several months reaching a record low in volatility before a sharp rise to $1000 in June. After a precipitous decline from those highs back to just below $700 in early August Bitcoin began its latest run-up to the current levels of over $1300 ending 2016 up 119%.

The best day for the Index was on June 12th where there was a gain of 12.7%. The worst day saw a similar move in the other direction with a -15.7% slide on 2nd August which was the low point before the ensuing bull run.

Exchanges

Exchanges listed on the Canadian Bitcoin Index combined for a record volume of $149.6 million on 200,000 BTC, an increase of 98% over 2015 continuing the trend of Canadian Dollar volume increases per year since the first CAD trade logged in 2011 and a notable jump from previous years.