The price of bitcoin has bulldozed its way to a new historic all-time high on the Bitstamp Price Index (BPI) as the trading value of the cryptocurrency scaled beyond $1,400.
Bitcoin reaches a high of $1,425 on Bitstamp. Chart via BitcoinWisdom
Bitcoin prices are now trading at previously uncharted levels as the value of the cryptocurrency reached a high of $1,425 on Bitstamp on Monday. The previous high of $1,350 registered on March 10 amid heightened traders’ interest in the lead-up to the SEC decision about a bitcoin exchange-traded fund (ETF).
Since the turn of 2017, bitcoin’s value has now risen by over 42%.
Prices on Coinbase have peaked beyond $1,460.
The latest surge in prices is a part of a continuing bullish trend that began in last quarter of 2016. The value of the world’s most prominent cryptocurrency struck a significant milestone on January 1 when prices
Read more ... source: CryptoCoinsNews
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