Bitcoin Price Surges by 12%, Setting Weekly High

Bitcoin Price Surges by 12%, Setting Weekly High

The price of bitcoin jumped 12% today, setting a weekly high of $368.51 at 12:30 (UTC). According to the CoinDesk USD Bitcoin Price Index (BPI), the digital currency opened the day at $328.98 before increasing $40. The price has shed about $20 from its intra-day peak, trading around $346 at press time. Bitcoin's price made the headlines earlier this month as it surged past $450 for the first time this year, nearing the $500 mark. The price reached $492.40 on 4th November at 00:00 (UTC) and subsequently dropped by a staggering 30.6% on 11th November, when it peaked at $341.32. Elsewhere, a....


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Quotes

Bitcoin does not put limits on what you can and cannot sell, it doesn’t randomly revoke your ability to send or receive money and there are no arbitrary waiting limits or minimum amounts that you need to have in order to have an account.

Cameron Ruggles, Founder of Vesp.co, Inc.