Newsflash: Bitcoin Price Hits $290
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.
Related News
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.
Another day, another peak scaled by bitcoin. Today, the Bitstamp Price Index rang $450 for the first time this year. The bitcoin price struck $450.38 at 10:44 UTC today and scaled yet another year high of $483 at the time of publishing. For a live Bitcoin Price chart, click here.
The aftermath of the SEC’s refusal to approve the Winklevoss bitcoin ETF has resulted in a predictable outcome for bitcoin trading markets. As news of the rejection spread, traders engaged in a rapid sell-off to see bitcoin price sink to a low of $975. Bitcoin price struck $1,288 on the Bitstamp Price Index (BPI) at 21:00 UTC. Ten minutes later, price plummeted to $975, a new 30-day low going back to February 9 when price last took a tumble after two major Chinese exchanges paused bitcoin withdrawals. In that 10-minute period, bitcoin lost nearly 25% of its value. Trading has since....
Bitcoin’s rapid price rise has brought it to another milestone. So, what could be next for the best performing asset of recent memory? The post Bitcoin Hits $56,000, What’s Next? appeared first on Bitcoin Magazine.
Bitcoin price has made gains over the past few days to set a new 3-month high of $443.69 today. The Bitstamp Price Index struck $440 at 16:00 yesterday, April 20 and has remained to hover over the figure ever since. At the time of publishing, the price of bitcoin was trading at $444. The figure represents the first time Bitcoin price has scaled beyond $440, with January 11 being the last time the cryptocurrency traded at the ceiling. Initial signs of a swell came to the fore first on April 19, when the price spiked from $430 at 20:30 to $434.55 in under 90 minutes. On April 20, yesterday,....