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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