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Bitcoin Prices Break Past $800
Bitcoin prices have broken past $800 for the first time since February 2014, setting a fresh 34-month high.
Bitcoin prices have risen above $800 for the first time since February 2014, setting a fresh 34-month high.
STORY CONTINUES BELOW
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The digital currency's price reached a high of $800.46, according to data from the CoinDesk USD Bitcoin Price Index (BPI). The move followed a month of progressive price gains, beginning the period at around $742, and caps a year of dynamic – and at times dramatic – market developments.
At press time, the price has slid back below the $800 mark, trading at an average of $799.20, BPI data shows.
Bitcoin prices have neared the $800 level in recent days, prompting some market watchers to predict that the market would likely pass the mark before the end of 2017.
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.
