Bitcoin Price Passes $500 as Optimism Continues

Bitcoin Price Passes $500 as Optimism Continues

Have you checked the price of bitcoin today? You might have noticed it's climbed up a bit more than when you had last checked it. At Bitstamp, the current price (as of this writing, of course) is about $511 - up just over three percent in the last twenty-four hours. Passing the $500 mark, some say, is a move past a big psychological barrier, which could of course mean that the price could continue its climb. Read more: Tuesday Ends With Bitcoin Price Up Nearly Ten Percent. That said, it's difficult to pinpoint just what caused the price increase in the first place after hovering in the....


Related News

Bitcoin Price Surge Continues, Passes $900 to Hit New 3-Year High

Bitcoin prices have shot past $900, the latest move in a week of dramatic market increases. The digital currency’s price peaked at $911.99, according to data from the CoinDesk USD Bitcoin Price Index (BPI). Prices haven’t exceeded the $900 level since mid-January 2014, BPI data shows. At press time, the price is hovering around an average of $902.92. The development comes only two days after markets worldwide crossed the $800 mark, followed by additional action yesterday that saw the price exceed $870 before dipping. The rapidly climbing price has sparked headlines....

As Russia’s Bitcoin Sites Fight to Lift Ban, Btcsec.com Founder Expresses Cautious Optimism

A court in Ekaterinburg, Russia has set a hearing for May 15 regarding the Russia’s crypto community representatives’ complaint against the government’s ban of Bitcoin-related websites. The founder of btcsec.com, Ivan Tikhonov, believes that the court hearings have so far been positive for the banned websites despite the ban not being lifted as of yet. The court has rejected the prosecutor office’s demands to stop the appeal. Now, the representatives of the websites will have a chance to present their case during the first hearing on May 15. CoinTelegraph asked Tikhonov about the chances....

Markets Weekly: Price Slump Continues While Transactions Rise

The bitcoin price continued its decline this week, deepening losses that began last week. However, fundamentals suggest there may be reason for optimism in the long-run. Bitcoin was trading at $352 at the start of last week, close to its high for the period. It dropped to a low of $320 on Saturday. It closed the week at $325, losing $27 over the seven days. That's a drop of about 8%. To put the latest price movement in context, last week's Markets Weekly reported the Bitcoin Price Index at a high of nearly $390, before losing $40 over the week. The last two weeks, then, has seen the price....

Daily Bitcoin Price Analysis: Bitcoin Buyers Optimism strengthens

Despite the positive reports from the United States, positive macroeconomic indicators seem not to be supporting the dollar enough. However, yesterday the pair BTC/USD was traded at a range of $320- $330. After consolidation within a descending triangle the BTC to USD price began to rise in the Asian session and reached a level of $332, where it met the resistance from Bitcoin sellers. Considering holidays in the United States today the main trades will be held during the European session, that should rule a roost for the BTC price today. Going above the $332 price level gives a bullish....

Bitcoin Buoyant as Price Surges Past $500

Bitcoin passed the $500 mark for the first time in weeks this morning. At press time, the price stood at $513.93 - down from a peak of $518.22 a short time earlier. The Bitcoin Price Index (BPI) has been climbing steadily since 20th May and started nearing the psychologically important threshold at around 6.00am (BST) today. Apart from a brief spike in mid-April, bitcoin has been trading south of the $500 mark since late March. Renewed optimism. A number of positive developments over the past couple of weeks helped reverse the negative narrative and bring back a healthy dose of optimism.....

Quotes

I am generally in favor of bitcoins.

Howard Dean, American former politician