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The Price of Bitcoin Has Stayed Above $760 for 7 Days
Bitcoin prices managed to reach one week above $760 early on 14th December. During this seven-day period, these prices reached a 2016 high of $788.49.
Bitcoin (BTC) prices have been trading north of $760 for more than a week now, according to data from the CoinDesk USD Bitcoin Price Index (BPI).
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The price has been lingering above this level during a seven-day period in which the digital currency hit a 34-month high. Markets surpassed $760 at 10:00 UTC on 7th December, managing to reach one week above this level early on 14th December, figures show.
Bitcoin prices surged to $788.49 on 13th December, which represented the currency’s highest price this year and also its most elevated price since February 2014.
Thus far in 2016, bitcoin prices have rarely surpassed $760, according to BPI data. The digital currency surpassed this price on 2nd December, the first time it had exceeded $760 since June, but quickly fell back below this level.
Over the next few weeks, bitcoin prices repeatedly flirted with their previous high of $781.31 reached in June, but continually failed to surpass that previous peak. However, on 13th December, the digital currency’s price broke past $781.31, hovering above that price for a few hours before declining back below $780.
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.
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