The Bitcoin Price Just Crossed $1,000 Again

The Bitcoin Price Just Crossed $1,000 Again

The price of bitcoin exceeded $1,000 on the CoinDesk Bitcoin Price Index at around 08:20 GMT today. The price of bitcoin has, once again, reached $1,000 on popular bitcoin exchange Mt. Gox. The first time the price of bitcoin reached this level was on 27th November after interest in the cryptocurrency spiked across the world, but primarily in China. A few weeks later, the price started to tumble after China's central bank imposed restrictions on the involvement of the country's banks and third-party payment processors in bitcoin. On 5th December, the central bank said Chinese financial....


Related News

Why Bitcoin's Price Has Leapt 64% Since April

Bitcoin's price has been on a roll of late. The CoinDesk Bitcoin Price Index (BPI) recently crossed back above $590 on the 27th of May, representing a 64% gain from 10th April when the price was as low as $360. Much of this dramatic price increase has come in just the last few days. For approximately a one-month period prior to 19th May, bitcoin was trading in a relatively tight band around the $450 level. Then, on that date, the price began to steadily ratchet upwards (see Figure 1). Figure 1: CoinDesk Bitcoin Price Index, 25th April - 26th May 2014. Source: CoinDesk Bitcoin Price Index.....

Bitcoin Price Climbs, Millibit-To-Dollar Parity Here Again, $16 Bln Market Cap

The cryptocurrency world is abuzz again as Bitcoin price continues to climb to new heights. It is almost getting to a point many Bitcoin enthusiasts have seen before, although for only a short period of time - 1 mBTC getting to be on par with $1. Bitcoin price has almost crossed the $1000 mark on several exchanges including Bitfinex, Poloniex and Bitstamp as at the time of writing. With the look of things, the crossing may happen today, Feb. 2 although the likes of Erik Voorhees and several other onlookers had predicted it would have happened at least a day earlier. The last time the....

Bitcoin Briefly Breaks $9 Billion Market Capitalization

The total market capitalization of Bitcoin rose to $9 billion earlier today as the price increased beyond $576 per bitcoin. The Bitcoin network crossed another milestone earlier today. Thanks to the strong bitcoin trading in the past few weeks, the value of the digital currency has almost reached $600 mark. Simultaneously, keeping up with the increasing bitcoin price, the total market capitalization of the digital currency today crossed $9 billion. Even though the increase in market capitalization beyond $9 billion was short-lived, it is a milestone to be celebrated nevertheless. The....

Does the Future Look All Rosy for Bitcoin and Blockchain Technology?

We have all heard of the recent developments in blockchain technology, and how it is being increasingly adopted by various industries including banking and financial sectors. While we all prefer to see a rosy picture of Bitcoin and its underlying blockchain technology, there are a few apprehensions regarding how it will turn out to be in the near future. The Bitcoin industry is definitely growing, and it has been attracting a lot of investments lately. Investments in the sector crossed another huge milestone recently when venture capital investments in the crypto industry crossed the $1....

Bitcoin Price Continues to Fall, Breaks $200 Mark

The bitcoin price fell below the landmark $200 point at 07:24 (GMT) today, putting it back into territory not seen since late 2013. Within five minutes of crossing that threshold it had plunged further to $185. Less than 15 minutes after that, it fell to $179.13. The latter price is significant as it lies just below 1,000 Chinese yuan, the currency involved in 65% of bitcoin trades, possibly crossing a lesser-acknowledged psychological barrier. At press time, the price had rebounded somewhat to $205.54. Gox-like prices. The last time the bitcoin price crossed the $200 line was in late....

Quotes

Bitcoin is the cautious expression of a rebellious identity. Using Bitcoin is an effete act of rebellion, a week resistance like wearing a hoodie or getting a tattoo that's well covered by your work clothes.

W. Ben Hunt - Chief Risk Officer of Salient Partners