Bitcoin Price Scales Beyond $390 in February
It’s early days in February, following a volatile January for the price of Bitcoin. In recent days, the cryptocurrency has swelled again, with a high pushing beyond $390, gaining over $20 in the space of a day. The Bistamp Price Index started yesterday, February 4th at $368.55 to rise through the day, leading to a monthly high of $391.880 at 9:00 PM UCT, the same day. At the time of publishing today, the Bitstamp Price Index sees Bitcoin trading at $389.00. The first signs of a climb showed when Bitcoin price scaled up toward $373.91 at 2:00 PM before a quick spike saw the price shoot up....
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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.
With the end of February just passing, many were saying February the most stable month of Bitcoin so far. With a net change of a $1 per day, Bitcoin users enjoyed a stable price. For a while, it looked that February was going to end with Bitcoin at a price of the mid $230s. Later Sunday, after the price dipped to the upper $240s, we had a similar breakout when we broke through $250. China is leading the way again, but $260 has been surpassed from all the principal Bitcoin exchanges in the USA and China.
The bullish wave of the past days reached its peak on February 7. The bitcoin price managed to struggle above the $220 support level yesterday, but it's now experiencing a correction. As the charts reveal, 24hr BTC/USD exchange rate is down by 4% and a strong selling pressure is still present. The bitcoin price ups and downs through February 7-8th. BTC/USD was struggling below daily averages for a remarkably long period of time. However, after some notable buy orders were placed, the market took a turn to briefly become bullish again. A rise from $210 all the way up to the high of $238 was....
Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class. Bitcoin prices rose over the last week, pushing higher as the sentiment surrounding the digital currency strengthened. Bitcoin was trading at $421.69 at 12:00am (UTC) on 19th February, compared to $377.82 on 12th February at 12:00am (UTC), according to the CoinDesk USD Bitcoin Price Index (BPI). This increase represents a gain of more than 10%. This week provided a contrast to the prior seven-day period between 4th February and 11th February,....