Newsflash: Bitcoin Price Leaps $40 to Touch $369 Today

Having broken out of a wedge pattern, Bitcoin price quickly gained momentum and galloped to hit a high of $369 today.

The Bitstamp Price Index started the day at $328.90 and quickly rose through the morning to peak at $367.44 at 12:40 UTC today, November 26.

BPI-11-26 369

The figure represents a two-week high with Bitcoin price last seen at the $350 mark on November 10, with Bitcoin price hitting a monthly low of $300.30 the next day.

Bitcoin price struck a high of $502 this month with multiple factors such as an outflow of capital away from China, increased trading among Chinese exchanges and the slashing of central bank rates in the country.

The price-swell was referenced in yesterday’s CCN analysis article by resident analyst Venzen Khaosan.

At the time of publishing, Bitcoin price was trading at $364.83.

For a live Bitcoin Price chart, click here.

All time references are in Coordinated Universal Time (UTC).

Featured image from Shutterstock.

mm – leading Bitcoin News source since 2012

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.