Newsflash: Bitcoin Price Hits $290

The Bitstamp Price Index struck $290 early this morning, adding another milestone in Bitcoin’s steady climb over the last couple of months.

The bitcoin price rang in the milestone at 05:52 UTC and reached a high of $291.78. The price at the time of publishing is $290.010.

The growth is likely to be a result of increased trading in Chinese Bitcoin exchanges, after China’s central bank recently slashed its rates in an attempt to kickstart the slowing economy.

For a live Bitcoin Price chart, click here.

Read more ... source: TheBitcoinNews