28 May '16, 5pm

Bitcoin Price Passes $500, Highest Price in Almost Two Years

Bitcoin Price Passes $500, Highest Price in Almost Two Years

For the first time since 2014, the price of Bitcoin passed $500 USD early Saturday morning. Laura Shin of Forbes writes: “One of the most fascinating aspects of the Bitcoin narrative is the trajectory of its price. Since its birth seven years ago, this abstract currency that only exists as computer code and/or in a small but rabid collective conscious has gone from completely worthless to almost $450 for a single Bitcoin.” At around 4:20 a.m. UTC on Saturday, May 28th, Bitcoin’s price exceeded $500 per coin. The price initially achieved that level in mid-November of 2013, and until now had not seen a similar price since late August of 2014. Bitcoin is at an almost two-year high. The result of a depreciating yuan? The price surge may be a result of many seeking to move capital out of China as the yuan weakens , continuing to fall against the dollar over the past month. Yuan...

Full article: http://cointelegraph.com/news/bitcoin-price-passes-500-hi...

Tweets

Bitcoin breaks $500 for new 1-year high

coinbase.com 28 May '16, 9pm

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Bitcoin Price Soars Toward $500 On Back Of Weakening Chinese Yuan - International Business Times

Bitcoin Price Soars Toward $500 On Back Of Weak...

ibtimes.com 27 May '16, 4pm

The price of a single bitcoin has surged in the last 24 hours, hitting a 20-month high as a result of stronger demand from...

The price of bitcoin just surged to a 20-month high

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QZ.com 29 May '16, 7pm

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profit.ndtv.com 31 May '16, 8pm

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Surging #Bitcoin Price Is Appealing To Chinese Depositors

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themerkle.com 29 May '16, 7am

It has been a pretty stellar weekend for Bitcoin enthusiasts all over the world so far, as the price keeps going up and th...

Bitcoin Price Hits Six-Month High Amid 5% Surge

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coindesk.com 27 May '16, 4pm

Bitcoin prices surged more than 5% in the early hours of 27th May, a more than six-month high that saw the digital currenc...

Bitcoin climbs above $500 for first time since August 2014

Bitcoin climbs above $500 for first time since ...

nasdaq.com 29 May '16, 9pm

Investing.com - Bitcoin prices broke through the key $500-level for the first time in almost two years on Sunday, as inves...

Bitcoin Prices Break $500 Barrier to Hit 20-Month High

Bitcoin Prices Break $500 Barrier to Hit 20-Mon...

coindesk.com 29 May '16, 12pm

Bitcoin prices broke through $500 on 28th May, building on the previous day’s momentum to reach a level not seen since Aug...

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pymnts.com 03 Jun '16, 9am

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cryptocoinsnews.com 27 May '16, 10am

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financemagnates.com 29 May '16, 9am

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news.xinhuanet.com 31 May '16, 1pm

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It’s almost the weekend...

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