Bitcoin Price Breaks $1000 USD at Mt. Gox

It should no longer be a surprise that the price of Bitcoin hit $1000 this week on Japanese exchange Mt. Gox, but now, another exchange has creeped up to the $1000 mark. That's Bitstamp, of course. The exchange, which has always trailed a ways behind Mt. Gox (except for recently when the price between Mt. Gox and Bitstamp were nearly equal) is now in the 4 digits - which really reinforces just how valuable Bitcoin has become. The question is: will the $1000+ price keep it up?

After a small crash last week, and subsequent rebound early this week, speculators will be delighted to know that the price of bitcoin has once again climbed past $1000 USD at the Mt. Gox exchange. The news comes several days after the hover between $800-$900, leaving some very worried individuals wondering if we'd ever see bitcoins in the 4-digits again. Meanwhile at Bitstamp, the price is at about $956, with a climb past $1000 looking relatively promising in the next day, as a conservative estimate. The price jump will no doubt fuel more buys, bringing the price even higher. Will it....

Bitcoin price has scaled beyond the $1000 for the second time in 2017 and the first time in four weeks. The end of 2016 saw the cryptocurrency flirting with $1000 before scaling the mark come the new year. The Bitstamp Price Index (BPI) reveals bitcoin scaling the $1000 milestone at 16:30 (UTC) on Thursday and despite a brief dip shortly after, bitcoin was trading to the dollar at $1010 at the end of day. Momentum stuck through the early hours of Friday as price swelled further to register a high of $1022.6 at 06:30. Prices fell below the threshold again toward $998 before recovering near....

The new year starts memorably for bitcoin, as the bullish trend seen throughout late 2016 continued into 2017, with bitcoin striking a high – at the time of publishing – of $998 on the Bitstamp Price Index (BPI). However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin. Today’s surge began at 10:00 (UTC) when a bitcoin was trading at $965.36. A quick spike saw price reach $974.59 by the hour’s....

The Bitcoin price has crossed the $1000 mark on several exchanges including Bitfinex, Poloniex and Bitstamp on Jan. 1, 2017. According to CoinMarketCap, the digital currency’s market cap has also crossed $16 bln as at the time of this publication. That is: Bitcoin’s market cap grew by more than $5 bln between the months of November and December 2016, a feat it was only able to achieve in the first five years of its existence. With each passing year indicating that more people are getting aware of Bitcoin and what its benefits are and how to use it, the currency seems to be performing....