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Bitcoin Price Hits New High for 2015
The price of bitcoin has hit a new high for 2015, with the CoinDesk Bitcoin Price Index (BPI) peaking at $333.75 this morning.
The price of bitcoin has hit a new high for 2015, with the CoinDesk Bitcoin Price Index (BPI) peaking at $333.75 this morning.
Bitcoin, which opened the day at $313.31, rose 6.5% to $333.75 at 8.16am (UTC). It has since decreased to $326.55 at press time.
STORY CONTINUES BELOW
The cryptocurrency began the year trading at $313.92, which was followed by a steep drop of more than 43% to $177.28 two weeks later, making headlines across the world.
Today's peak price marks a 6.2% increase from the digital currency's value on 1st January 2015, but a 57% decrease from the same day in 2014, when bitcoin was trading at $770.44.
The news comes after a steady climb since mid-September. Two days ago, the BPI peaked at $300 for the first time since 13th July, when it reached a high of $310.09.
Rocket launch image via Shutterstock.
