Bitcoin Price Passes $570 for First Time Since August 2014
The price of bitcoin is up more than 6% today, according to the CoinDesk Bitcoin USD Price Index (BPI), reaching a level not seen in nearly two years. Today’s market movements, which have pushed the price to a press time high of $574.43, follow a period of elevated bitcoin trading activity. This is the first time the average price of bitcoin has risen to these heights since August 2014. On 11th August of that year, USD markets saw a high of $589.87, according to BPI data. A day later, prices peaked at $573.94. Bitcoin prices have surged significantly in the past week, in markets that trade....
Related News
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....
Bitcoin prices broke through $500 on 28th May, building on the previous day’s momentum to reach a level not seen since August of 2014. The sharp increase notably helped extend the digital currency’s recent rally, which has provided a stark contrast to the relative stability bitcoin experienced in the last several weeks and for much of the first half of 2016. Overall, Saturday's move represented a 5.8% increase from its opening value of $473.47, a sharp rise that added to a 4.3% gain that took place on 27th May. The digital currency first broke through the $500 level between 06:00 and 06:14....
The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke on the approach to combat inflation. But from the turn of events, Powell tipped the scale against investors’ expectations. As a result, many cryptocurrencies and equities have already started a downward price trend. Ethereum (ETH) and many other cryptocurrencies have lost some August 25 price gains. After the meeting, ETH’s price tanked 9% and stood at $1555. But the bears....
While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000. A few traders and popular cryptocurrency analysts think that bitcoin (BTC) simply needs to cross the $14k region and its lift-off from there. Tuesday’s 2020 ATH of $13,684 is just shy of last year’s ATH at $13,796 per bitcoin which was accomplished on June 26, 2019. Macro strategist Raoul Pal said on Tuesday....
Bitcoin prices have shot past $900, the latest move in a week of dramatic market increases. The digital currency’s price peaked at $911.99, according to data from the CoinDesk USD Bitcoin Price Index (BPI). Prices haven’t exceeded the $900 level since mid-January 2014, BPI data shows. At press time, the price is hovering around an average of $902.92. The development comes only two days after markets worldwide crossed the $800 mark, followed by additional action yesterday that saw the price exceed $870 before dipping. The rapidly climbing price has sparked headlines across major news....