The price of bitcoin topped $400 on the CoinDesk USD Bitcoin Price Index today, its highest value over the last four weeks.
The press time value of $401.83 represented the highest bitcoin price observed since 5th November, when the price hit a high of $447.25 across major USD exchanges including Bitstamp, Bitfinex,Coinbase, itBit and OKCoin.
Data shows the price began its most rapid runup at 22:30 UTC on 5th December, when the price rose abruptly from $377.49 to $385.93 over a 10-minute period. So far, the price rally has continued into 6th December, with bitcoin’s value up 3% over the day’s trading.
Similar increases were observed on the CoinDesk CNY Bitcoin Price Index, which rose from ¥2,486.86 to ¥2,532.10 over the same period.
The latest price escalation comes amid an increase in transactions observed on the bitcoin network, with this figure hitting a 52-week peak on 30th November, and follows what has been a strong end of the year for the digital currency, which traded for under $200 as recently as January.
Source : http://www.coindesk.com/bitcoin-400-one-month-high/
Click on the bitcoin logo below to buy, use or accept bitcoin. Unocoin is India’s most popular bitcoin wallet.
To read the bitcoin white paper, visit: https://bitcoin.org/bitcoin.pdf
