Newsflash: Bitcoin Price is Within $5 of $1,600

Bitcoin price gains another $100 in another day of trading, surging ahead to dizzying new heights with bitcoin’s value now at touching distance of $1,600 (Bitstamp).

Data from the Bitstamp Price Index shows trading prices topping at an all-time high of $1,596.2 on Thursday.

Bitcoin’s price chart over the last week.

This time yesterday, prices were fast approaching $1,500 for the first time in bitcoin’s history, and the significant milestone was scaled around 21:00 (UTC). Led by significant trading volumes in Japan followed by the United States, prices continued to surge ahead above $1,550 through Thursday.

At 15:00 on Thursday, prices reached above $1,575 before peaking at $1,596.2. At the time of publishing, bitcoin’s value is within range of its next milestone, trading at $1,590.59

Altogether, bitcoin’s value has gained over 20% in the first four days of May.  Bitcoin’s market cap is quickly approaching $26 billion.

Read more ... source: CryptoCoinsNews

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