Bitcoin Price Rockets To One-Year High on Record Volumes

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Dec 11 - coindesk-bpi-chart

Correction: Article has been updated to simulate that one-year high is formed on BPI shutting prices. 

The cost of bitcoin has strike a highest closing price in a final year, trade during $436 and climbing during press time, according to a CoinDesk Bitcoin Price Index.

Bitcoin has gained an startling $115 or 36% over a final 4 days. It was changing hands for $320 a silver on 8th December. The cost briefly touched $500 on some exchanges on 4th November before dropping under $400 in a following days.

The strong rally is accompanied by record-breaking trade volumes on bitcoin exchanges. On 5th Dec 3.49 million bitcoins were traded opposite all exchanges tracked by information provider Bitcoinity. This crushed the previous record for daily traded volume established just days prior, on 26th November, of  2.86 million coins traded.

Trading volume has remained robust given a high watermark, with daily trading consistently closing above a 2 million BTC level.

Falling Yuan

Dec 11 - Volume Chart Bitcoinitypm

Market-watchers offering theories ranging from a descending cost of a yuan, to a media hoopla around a ostensible unmasking of Satoshi Nakamoto by two distinguished record publications, to an contentment of certain newsflow around a blocksize debate.

Daniel Masters, who runs the

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