Bitcoin Prices Surge Past $770 But Fall Just Short of 2016 High
Bitcoin prices neared $780 during the week through 2nd December, coming within 1% of the 2016 high of $781.31 reached in June. The digital currency rose to a high of $776 amid sustained support. Prices remained above $700 all week and only briefly fell below $725, CoinDesk USD Bitcoin Price Index (BPI) data reveals. Bitcoin prices have been enjoying sustained support, as they have managed to stay north of $700 for more than two weeks, having surpassed that level on 14th November, BPI figures show. The market is highly bullish, according to sentiment data provided by leveraged bitcoin....
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The number of searches for earning Bitcoin have increased over the past few years and have now reached an all-time high according to statistics from Google Trends. The trend began in September and has been continuously moving upwards for the past several months. According to Google, the majority of the searches seem to be coming from the Philippines, India and the United States. This can be a great sign for Bitcoin adoption in all three countries, especially with India’s current banking troubles where millions cannot withdraw their money. US post-election woes. Even during the heated....
With the price of bitcoin appreciating nearly 20% in May and breaking past $500 for the first time since 2014, it's safe to say the digital currency is once again back in the mainstream spotlight as an investment opportunity. However, what may be most notable is that the gains took place amid strong overall sentiment. Data reveals the gains coincided with high long-short ratios and other indicators that sentiment is turning strongly bullish as we enter the summer months. But, while May’s price rally may seem impressive due to the substantial media interest it's achieved, it was only the....
Bitcoin prices have surged nearly 10% since crossing the $800 level. The digital currency's price rose to as much as $874.10 at 10:00 UTC on 22nd December, which represented a 9.3% gain from $800 and a 12.4% increase from the same time one week before, according to the CoinDesk USD Bitcoin Price Index (BPI). Prices have climbed more than 100% since the start of the year. The move follows a week of steadily rising prices, surpassing $800 on 21st December. Some industry analysts had forecasted that the digital currency would finish 2016 either under $800 or close to that price. At press....
As 2016 draws to a close, bitcoin prices continue to show strong, upward movement. Depending on the media outlet you prefer, bitcoin is either "storming", "surging" or "creeping" its way back up to $1,000. In the past month alone, bitcoin has surged more than 33%, rising from $732 on 29th November to an annual high of $977.35. At press time, bitcoin was up nearly 5% for the day's trading, capping off a seven-day period in which it saw 20% gains. Should bitcoin prices breach $1,000 (the first time since January 2014), the digital currency could benefit from a....
Bitcoin price broke out of resistance to surge past the $400 mark. Current outlook puts it at $410-$420 by the end of this week. Bitcoin price just crossed the $400 mark! The digital currency has been struggling between the $370s and $380s for weeks before it could break out of the resistance and surge ahead. The increase in price can be contributed to different factors, starting with people trading their altcoins for bitcoin as altcoin prices are exhibiting a downward trend. Last week ethereum saw an unprecedented increase in value after the price peaked to an all-time high of 0.0171 BTC....