Bitcoin Has Now Been Trading Above $500 For Record Six Months
The price of bitcoin reached a new milestone on 28th November, as the day marked six consecutive months that the digital currency's price has traded above $500. According to the CoinDesk USD Bitcoin Price Index (BPI), the digital currency first reached the six-month mark at 20:30 UTC, as it rose above $500 on 28th May. At press time, bitcoin was trading above $730 on the BPI. This time frame represents the longest stretch in history where bitcoin has remained above $500. Even though the cryptocurrency surged to more than $1,100 in late 2013, reaching $1,165.13 on 30th November, it quickly....
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