Bitcoin Price Hits $500, a 50x Increase in Just 12 Months

Bitcoin Price Hits $500, a 50x Increase in Just 12 Months

The price of bitcoin reached $900 on Mt. Gox at around 01:15 GMT, with the highest price recorded on BTC China being 6,989 CNY ($1,147) at around 01:00 GMT. The CoinDesk BPI reached $781 at 01:13 GMT. The price has now dropped, though, with BTC China showing 4,000 CNY, Mt. Gox showing $670 and the CoinDesk BPI showing $575. UPDATE (18th November, 22:45 GMT): the price of bitcoin reached $750 on Mt. Gox within the last hour-and-a-half. The highest the price reached according to the CoinDesk BPI was $636 at 21:28. This price increase coincided with the Senate hearing about bitcoin, in which....


Related News

What Happens If BTC Hits $10,000? Bitcoin Enthusiasts Respond

What if Bitcoin’s price surges beyond the 2013 record high reaching $10,000 a coin like Tim Draper predicts? Would you pay off your student debts? Start a Bitcoin business? Buy a Bentley? Bitcoin.com decided to run an experiment to see what some enthusiasts would do if the price hit five digits. What Would You Do If BTC Hits 10K? Beginning back in....

Bitcoin Price Hits $450 For The First Time in 2015

The price of bitcoin surpassed the $450 mark today for the first time this year. According to CoinDesk's USD Bitcoin Price Index (BPI), bitcoin opened the day at $400.71 before increasing 12.5% to $450.60 at 10:49am (UTC). It has since increased to $452.17 at press time. Today's peak price marks another yearly high for the digital currency, which passed the $400 mark for the first time since November 2014 just yesterday. In the last month, the price of bitcoin has increased by 88.5%, having closed on $238.69 on 4th October. Bitcoin's performance in the last three months have seen its value....

First Mover: What’s Next After Bitcoin Hits $50K? Another $1K Gain

Analysts are still mostly bullish on the cryptocurrency's price, even at lofty levels compared with those just a few months ago.

Bitcoin Price Looks Positive as It Hits the 400 Mark

Bitcoin price broke out of resistance to surge past the $400 mark. Current outlook puts it at $410-$420 by the end of this week. Bitcoin price just crossed the $400 mark! The digital currency has been struggling between the $370s and $380s for weeks before it could break out of the resistance and surge ahead. The increase in price can be contributed to different factors, starting with people trading their altcoins for bitcoin as altcoin prices are exhibiting a downward trend. Last week ethereum saw an unprecedented increase in value after the price peaked to an all-time high of 0.0171 BTC....

Bitcoin Price Hits $300 Amid Continuing Price Rally

The price of bitcoin reached $300 today on the CoinDesk Bitcoin Price Index (BPI) for the first time in over three months, continuing a steady climb since mid-September. The last time the bitcoin price surpassed $300 was on 13th July, when the price reached a high of $310.09, but closed on $290.88. Today, the price exceeded this marker at around 02:30 UTC before continuing to rise to $301.96, but falling to $299.71 at the time of press. While the price has increased 30.3% since the beginning of September, it is still considerably lower than it was throughout the same period of 2014.....