The Price Of Bitcoin Just Hit An All-time high
Status: Available Now!
Type: News
Date: Thursday 23 February 2017, 03:44 AM
Media: Techcrunch

About the organization Bitcoin:
Type: Business
Sub-Types: Website, Money Transferring Agent, Computer Software, Digital Currency, Cryptocurrency
Notable Organizations: Bitcoin, Techcrunch
Wow — Bitcoin just hit an all-time high. The digital currency is currently trading at around $1,186 — which is about $20 more than its previous all-time high of ~$1,165, which it hit in November 2013, at the height of Bitcoin-mania. A few months after that all-time high, Mt. Gox, one of the earliest and biggest Bitcoin exchanges, shut down after news it had lost hundreds of thousands of Bitcoin owned by its users. This caused the price to nearly drop in half. Since then, over the past four years, the price has fluctuated dramatically, sometimes tied to news like the halving and broad economic uncertainty and hacked exchanges and, sometimes, seemingly moving on no news at all. Two years ago Bitcoin was stabilized around $250 — with some people thinking it never would come close to $1,000 again. But since then, and especially in the last year, the price has been on a pretty steady and stabilized rise (at least relatively speaking). A year ago today it was trading at ~$425, six months ago it was at $584, three months ago it was at $736 and just one month ago it was trading at $885. So what’s causing this dramatic but steady rise? As always, we can’t be totally sure.
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