Bitcoin Price Closes in on $600

Bitcoin Price Closes in on $600

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Bitcoin price has continued its surge in the most recent rally that began last week and is close to ringing in the $600 milestone.

The Bitstamp Price Index (BPI) struck a high of $585 today, continuing its strong surge that began during the last days of May. Having plateaued around the $450 mark for much of the past few weeks, BPI soared from $469.40 to $500.56 on May 28th, in a rally that started the day before and one which is now nearing toward $600.

At the time of publishing, bitcoin was trading to the dollar at $584.52.BPI Bitstamp 040616 584.52

Today’s high of $585 on the BPI rang in at 07:45 UTC. The last time bitcoin was trading at such numbers was in August 2014, representing a near two-year high.

Altogether, the recent surge from May 27th has seen the cryptocurrency surge

Read more ... source: TheBitcoinNews

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