Bitcoin Price Passes $500, Highest Price in Almost Two Years
For the first time since 2014, the price of Bitcoin passed $500 USD early Saturday morning. Laura Shin of Forbes writes: “One of the most fascinating aspects of the Bitcoin narrative is the trajectory of its price. Since its birth seven years ago, this abstract currency that only exists as computer code and/or in a small but rabid collective conscious has gone from completely worthless to almost $450 for a single Bitcoin.” At around 4:20 a.m. UTC on Saturday, May 28th, Bitcoin’s price exceeded $500 per coin. The price initially achieved that level in mid-November of 2013, and until now had....
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Bitcoin reaches a new high of over $600 as trading in China, faced once more by a devaluing yuan, spikes. CoinTelegraph spoke to experts to investigate the reasons for such a price increase and learn their forecast for the future of Bitcoin value. The price of Bitcoin has passed $600. At time of writing, Bitcoin’s price had surpassed $630. This marks the highest the price of Bitcoin has reached in almost two years. The last time the price had reached a similar level was late July of 2014. Since then, the price fell to around $200 in early 2015, and has been on a steady rise ever since.....
Bitcoin’s price trend has continued its upward motion since our last analysis, steadily climbing past the US$800 range. The price value passes a milestone of the highest price average in over three years. Currently, at press time the price per BTC is $810 and charts show little resistance ahead. Bitcoin Now Above $800 Per BTC. The 800s are finally here....
The price of bitcoin is now trading above $750, its highest total in just under five months. At press time, bitcoin prices were up 2% on the day's trading, and up $50 since the start of Monday's trading at 0:00 UTC. Propelled by a sharp uptick earlier this week (in which the price spiked $30 in just one hour), the price of bitcoin is now nearing the 2016 highs it set in early June. According to data from the CoinDesk Bitcoin Price Index (BPI), bitcoin is now trading at its highest mark since 20th June, when anticipation for bitcoin's decline in mining rewards was arguably at its peak. In....
Several reasons have been alluded to regarding the sharp rise in the price of Bitcoin from Saturday September 3 when it jumped from about $574 to $610 by the following day, including a push from speculators expecting the devaluation of the Chinese yuan. NIRP Umbrella tweeted that Bitcoin’s price was nearly 10% against the yuan, citing the decentralized utility of the currency being “in full force vs. arbitrary devaluations.” Factors that might have influenced the price. Now sitting at the $600 price range, this is the highest the currency has reached since the August 2 hack of the Chinese....