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.
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.