Bitcoin Price Exceeds $600, Highest in Almost Two Years
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.....
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Bitcoin price is trading well above $58,000 currently and is arguably only just beginning its bullish impulse. Prices are expected to reach hundreds of thousands per coin, and while few deny that outcome, it might not arrive as soon as some investors think. According to a de-facto on-chain tool for timing local tops and bottoms, Bitcoin risk is now at the highest potential for downside in three years. Past data shows when the metric gets […]
Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years.
Inflation Continues to Rise in US
Americans are dealing with higher inflation levels these days as new data indicates that personal consumption expenditures have spiked in September to 4.4%. Reuters reports that the inflation run-up is “continuing a run of....
Mt. Gox - the self-proclaimed world's largest bitcoin exchange - is losing its place. BTC China now has the highest monthly volume among exchanges, with about 1,031,000 BTC (at the time of this writing). The news comes as interest in Bitcoin in China has spiked over the last several months, prompting millions of buys from the Chinese, subsequently driving up prices around the world. How will Mt. Gox fare in the months ahead?
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase.
Transportation Costs Rose the Most
Turkey’s consumer inflation rate in July surged to 79.60% — the highest in 24 years — while the monthly rate stood at 2.37%, the latest data from the Turkish Statistical Institute (TSI) has shown. According to the....
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to $247.57 today, its highest total since 18th August. The day's price movement began at roughly 12:20 UTC, but accelerated at 14:00 UTC when the price jumped from $243.01 to $246.15 over a 15-minute span. The daily high was reached at 15:30 before prices began to edge downward. The price at press time, according to the BPI, is $245.96. In total, the price move to $247.15 represented a 2.9% increase from $240.56 at the day's opening, and marked the highest total observed on the CoinDesk USD BPI since 18th August, when....