27 Apr '17, 5pm

Bitcoin's Price Sets New All-Time High

Bitcoin's Price Sets New All-Time High

The price of bitcoin has set a new all-time high on the CoinDesk Bitcoin Price Index (BPI). Prices hit a high of $1,330.72 at press time, surpassing the previous all-time high of roughly $1,325.81 set on 10th March in the run-up to what was ultimately a rejection of a proposed bitcoin exchange-traded fund (ETF) by the SEC. At press time, the price had edged up past the $1,330 mark. The boost comes amid an increasingly active time for the industry as it relates to public markets, as the SEC has since revealed that it is reviewing a petition submitted by the Bats BZX Exchange that will find it reconsidering the listing of the Winklevoss Bitcoin ETF. The price move caps a bullish month for the digital currency, which on 1st April averaged just under $1,100, an increase of roughly 20% in just a span of weeks. However, the event coincides also with developments in the bitcoin e...

Full article: http://www.coindesk.com/bitcoins-price-sets-new-time-high/

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