Newsflash: Bitcoin Price Gallops Beyond $450

Newsflash: Bitcoin Price Gallops Beyond $450

It’s 2016 and bitcoin price gains its first significant surge of the year to gain over $20 in a 10-hour period to scale beyond $450.

The Bitstamp Price Index started the day at $430.80 and surged through the next 12 hours to reach a high of $454 at the time of publishing.

BTC 070116 454

The figure represents a new year-high and also represents the highest price since Christmas 2015. Christmas day saw a high of $455.51 before a significant drop in bitcoin price saw the cryptocurrency trading at $417 the following day.

The first spike of the today started at 02:10 AM UCT when bitcoin price stood at $430.59 before a 30-minute window wherein the cryptocurrency scaled up to $438.33. The next surge came near 05:49 AM UCT as the price touched $440. The next two hours witnessed Bitcoin price scale up to ring the figure of $450.16 at 07:50 UCT.

A likely factor for the swell in Bitcoin price today are events in

Read more ... source: TheBitcoinNews

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Bitcoin Price Reaches $450 For First Time in 2016

After staying quite stable around the $430 mark since the new year started, the price of bitcoin (BTC/USD) has today reached...