Bitcoin Price Breaks Beyond $460, Sets New High in 2016

Bitcoin Price Breaks Beyond $460, Sets New High in 2016

Bitcoin price is on an advance, pushing ceilings higher after scaling $440 to reach $450 last week. On Sunday, bitcoin price scaled to $460. In the early hours of Monday, the Bitstamp price index was trading at a new record high for the year at $470.02.

The price of bitcoin is going from strength to strength, within a weak of the release of the code for Segregated Witness (SegWit), the much-awaited upgrade to the bitcoin protocol that will help enable more transactions within a single block of the blockchain.

At the time of publishing, bitcoin price was trading at $458.74.

BPI Bitstamp 042516 458.74

The newest surge beyond $450 began at 7:05 PM (UTC) on April 24, with price jumping up to $459.44 in under 15 minutes. Within the hour, the price broke $460 before peaking at $463.44 at 8:00 PM.

The increase in bitcoin price comes soon after the release of the SegWit code, a touted temporary solution for the block size congestion that will help

Read more ... source: TheBitcoinNews

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