Newsflash: Bitcoin Price Makes a Comeback to $650
Following a steep drop that began early yesterday, bitcoin price has scaled its way back up the charts toward $650 in a continuing rally today. The Bitstamp Price Index (BPI) plateaued most of the day after a late rally last night to scale the $650 figure, following a low of $611.40, on Thursday. The decline began at 02:30, early Thursday, when bitcoin price fell from $678.05 to $642.97 in two hours. Price traded uniformly for a 12-hour period before another steep drop saw value stumble from $638.40 to $617.15 in half an hour. The subsequent rally began at 21:35 with bitcoin price at....
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The Bitstamp Price Index struck $290 early this morning, adding another milestone in Bitcoin's steady climb over the last couple of months. The bitcoin price rang in the milestone at 05:52 UTC and reached a high of $291.78. The price at the time of publishing is $290.010. The growth is likely to be a result of increased trading in Chinese Bitcoin exchanges, after China's central bank recently slashed its rates in an attempt to kickstart the slowing economy. For a live Bitcoin Price chart, click here.
The Bitstamp Price Index confirmed a new year-high price for Bitcoin at $334.05, this morning. The peak is yet another milestone for the cryptocurrency which has been on a steady upward trajectory predominantly since September. The year-high peak struck at 07:11 UTC and has since dropped to $322.780 at the time of publishing. For a live Bitcoin Price chart, click here.