28 Dec '16, 4pm

The Price of Bitcoin is Up $150 Over the Last Week

The price of bitcoin keeps on climbing. At press time, the price of bitcoin was roughly $950 on the CoinDesk Bitcoin Price Index, a figure that was up $20 from the day's opening price and just $70 shy of a three-year high for the digital currency. (The price hit a high of $1,023.31 on 6th January, 2014). However, this total was notably $150 above the opening price observed one week ago on 21st December, when tokens running on the bitcoin blockchain traded for an average of $799.23 across global exchanges. The 20% increase over just a seven-day span has so far drawn a number of plausible theories, including that bitcoin is improving on economic conditions in countries such as India and Venezuela and decisions by the US Federal Reserve . Data reveals that the increase is the largest price swing observed since late July, when the price of bitcoin declined from highs in the $6...

Full article: http://www.coindesk.com/price-bitcoin-150-last-week/

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