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The Bitcoin Price Keeps Breaching $750
Bitcoin surpassed $750 on 1st December, rising past this key psychological level but failing to reach $755.
The price of bitcoin keeps bumping up over the $750 mark.
STORY CONTINUES BELOW
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The digital currency’s price broke through this key psychological level today, representing the sixth time that bitcoin has surpassed $750 since mid-November, CoinDesk USD Bitcoin Price Index (BPI) figures reveal.
Bitcoin experienced these price fluctuations amid modest trading volume, as CoinMarketCap data shows that at no point during the session did 24-hour trading volume surpass $90 million. This lukewarm trading activity compares to last month, when 24-hour volume reached as much as $174 million on 3rd November and $173 million on 17th November.
The digital currency managed to breach $750 several times in November, climbing past this level before quickly falling back, according to BPI data. The digital currency first surpassed $750 on 17th November, briefly lingering above this level before surrendering its gains and then climbing once again.
Notably, the price of bitcoin has frequently exceeded $750 but has not breach $755 over the last few weeks.
Image via Shutterstock
Charles Lloyd Bovaird II
Charles Lloyd Bovaird II is a financial writer and editor with strong knowledge of asset markets and investing concepts. He has worked for financial institutions including State Street, Moody's Analytics and Citizens Commercial Banking. An author of over 1,000 publications, his work has appeared in Forbes, Fortune, Business Insider, Washington Post, Investopedia and elsewhere. An advocate of financial literacy, Charles created all the industrial finance training for a company with more than 300 people and spoke at industry events across the world. In addition, he delivered speeches on financial literacy for Mensa and Boston Rotaract.
