As has been the trend in recent days stretching into weeks, Bitcoin is booming, making significant gains as demand surges, driven largely by Asian investors.
The Bitstamp Price Index (BPI) stuck a high of $749.98, continuing its ascend from yesterday’s high of $740. Bitcoin price struck yesterday’s milestone following a frenzied trading period where price rose 4% from $714.88 to $739.01 in a 30-minute period.
Continuing its appetite for gains, bitcoin to the dollar was trading at $739.49 at midnight (UTC). In a two-hour trading period between 02:20 and 04:20, bitcoin price rose to $745.68 before settling to a steady chart. Today’s high of $749.48 occurred just before noon.
At the time of publishing, the BPI shows bitcoin trading at $746.76.
Failing Fiat, Booming Bitcoin
There have been major political and monetary events among the world’s biggest economies in recent weeks, providing some answers for bitcoin’s price surge as demand for the cryptocurrency goes up a gear.
India, home to the world’s