Bitcoin Prices Shoot Past $870, Setting New High for 2016
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....
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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 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....
Bitcoin prices have risen above $800 for the first time since February 2014, setting a fresh 34-month high. The digital currency's price reached a high of $800.46, according to data from the CoinDesk USD Bitcoin Price Index (BPI). The move followed a month of progressive price gains, beginning the period at around $742, and caps a year of dynamic – and at times dramatic – market developments. At press time, the price has slid back below the $800 mark, trading at an average of $799.20, BPI data shows. Bitcoin prices have neared the $800 level in recent days, prompting some market watchers....
PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.
The surprise US Presidential Election results pushed bitcoin 4% higher this week amid a choppy period for the digital currency markets. After opening at roughly $709 on 4th November, bitcoin neared $740, placing it within reach of its 2016 high of more than $780. But while this increase was notable, it fell short of some forecasts. Cryptocurrency fund manager Jacob Eliosoff, for example, noted that he expected bitcoin prices to benefit more starkly from the uncertainty created by the election. As previously profiled on CoinDesk, many analysts had expected a 'Brexit-like' impact, one in....