29 May '16, 12pm

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

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

Bitcoin prices broke through $500 on 28th May, building on the previous day’s momentum to reach a level not seen since August of 2014. The sharp increase notably helped extend the digital currency’s recent rally, which has provided a stark contrast to the relative stability bitcoin experienced in the last several weeks and for much of the first half of 2016 . Overall, Saturday's move represented a 5.8% increase from its opening value of $473.47, a sharp rise that added to a 4.3% gain that took place on 27th May. The digital currency first broke through the $500 level between 06:00 and 06:14 UTC on the 28th, eventually reaching a high of $531.70 for the day. At press time, the price had sagged somewhat, though prices remain $50 higher than just two days before. During the run, prices hit their highest level since 21st August of 2014, when the price of bitcoin reached a high...

Full article: http://www.coindesk.com/bitcoin-price-500-20-month/

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Bitcoin breaks $500 for new 1-year high

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Bitcoin has been on an explosive rally — and it's back through $500 — via @BIAUS https://t.co/DFz08IL4GY

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#bitcoin

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