26 Apr '16, 1pm

Bitcoin Price Reaches 18-Month High As It Heads Toward $500

The price of bitcoin has not reached the heights of $466 since September 2014. At that point it was still in free fall from the dizzying heights of $1,200 at the peak of the bitcoin frenzy in December 2013. Now the price of bitcoin has finally returned to the level it last reached 18 months ago as the world's most valuable cryptocurrency shows signs of breaking the $500 mark for the first time in two years. According to CoinDesk's USD Bitcoin Price Index , the cryptocurrency's price peaked at $466.45 on Tuesday, as it continued to sustain a two-week surge. Prior to this recent uptick, bitcoin had seen a month of relatively stable pricing when it fluctuated between $410 and $430 — a very rare occurrence for it. The reason for the current positive interest is still unclear, but it is probably related to the launch of a piece of code that is set to improve the number of trans...

Full article: http://www.ibtimes.com/bitcoin-price-reaches-18-month-hig...

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