Bitcoin Price Continues Historic Highs Toward $1,500

Bitcoin price continues to break records in pushing to yet another all-time high on Tuesday, rising to a peak of $1,481.7 (Bitstamp Price Index) today.

Bitcoin began trading above $1,400 in May and those gains have continued sharpish during the second day of the month. BPI data shows prices breaking beyond the previous all-time high of $1,350 on Sunday evening (UTC). At 17:00 on Monday, bitcoin was trading above $1,400 for the first time in history.

Prices below $1,400 in the early hours leading into Tuesday, ultimately proving to be a minor drop rather than a correction. Instead, the bullish run resumed as prices jumped from $1,390 at 01:00 to $1,414.62 within the hour. A sustained run of trading saw a steady climb, gaining $20 near 10:40. The bigger spike was yet to come.

Trading around $1,435 mark at 11:00, yet another all-time high, prices jumped over 3% to scale a new unprecedented high of $1,481.7 within 20 minutes of

Read more ... source: CryptoCoinsNews

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