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Bitcoin price has been making headlines and is under the spotlight again after scaling to two-year highs this week. Now, the cryptocurrency is gaining ground again, surging over 7% in its value since the beginning of the day (UCT) as it sprints towards the $750 marker.
The Bitstamp Price Index (BPI) was trading at $695.15 at midnight leading into the day. At the time of publishing, the BPI shows bitcoin trading at $750.11.
Although bitcoin value declined to nearly 9% on Tuesday, 14th June, it has garnered support since reaching a low of $664.64 on the day after beginning at $704.49.
Today’s surge began at the stroke of midnight when the BPI stood at $695. At 01:18 AM, bitcoin price had already scaled up to $730.59. Subsequently, a steady pattern of making gains has pushed trading value up to