Bitcoin is Now Trading at its Highest Price Since 2014
The price of bitcoin hit two major milestones today, reaching a new 2016 high and rising to its most elevated level since February 2014. At press time, bitcoin's price rose to a high of $788.49, CoinDesk USD Bitcoin Price Index (BPI) figures reveal, the highest price observed in 34 months. The figure not only surpassed the previous 2016 high of $781.31, but also represented bitcoin’s most elevated value since this summer, when expectations were high about the digital currency's upcoming decline in rewards. However, with today's movements, bitcoin has finally broken through after weeks of....
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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 price has gained plenty of ground in an explosion of demand due to Chinese buyers, easily spiking over 10% of its trading value in USD in a 13-hour period that began late Saturday night leading into Sunday noon (UCT). Bitcoin price rang the $600 mark for the first time since July 2014 and is now trading at its highest ceiling since June 2014 in the Bitstamp Price Index (BPI). The remarkable rise in the price of the cryptocurrency in recent weeks means that bitcoin is now trading at a 2-year high. Almost to the day two years ago on June 11, 2014, the BPI saw $650.50 at 02:00 AM,....
Some of the folks at BitPay have just released the stats of 2014's Bitcoin performance – the numbers that get less fanfare than the price, but are no less indicative of the currency's prospects. Aggregated and hashed are: Countries with highest use. Big-name merchant acceptance. Trading volume. Number of active wallets. Venture capital investment. Overall merchant adoption. Bitcoin is used all over the world, but there are some areas that see higher concentrations of activity. The five countries where Bitcoin is used most are the United States, the United Kingdom, Canada, Germany, and the....
The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) rose to its highest level since September 2014 today, reaching a press time high of $463.56. The total is the highest observed on the CoinDesk USD BPI since 17th September, 2014, when the price reached a high of $465.57. At the time, the price of bitcoin had been in decline since July, a move that coincided with the release of the New York BitLicense. The price of bitcoin has been trending up amidst the latest saga in the media hunt for elusive bitcoin creator Satoshi Nakamoto, as well as increased activity on the Coinbase....
2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....