NEWSFLASH: Bitcoin Price is Within $5 of $1,600
Author: Samburaj Das
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.
The wider digital currency market, led by bitcoin, is now valued at over $42 billion.
For a live Bitcoin Price chart, click here.
All time references are in UTC (Coordinated Universal Time).
Charts from BitcoinWisdom and CoinMarketCap.
Image from Shutterstock.
