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.....
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