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Bitcoin's Price is Flirting With $1,000
Bitcoin markets are breaking out, inching closer to $1,000.
The price of bitcoin is inching closer to $1,000 once again.
STORY CONTINUES BELOW
Prices hit a high of $994.79 during morning trading, according to the CoinDesk Bitcoin Price Index (BPI), after opening at an average of $977.52. Prices haven’t exceeded $1,000 since 6th January, having crossed that benchmark on the first day of 2017.
The price of bitcoin is currently at an average of $993.04.
CNY-denominated markets are up more than 9%, reaching a high of ¥6,890.56. Those markets are averaging ¥6,865.50, BPI data shows, representing an increase of roughly 9.3%
Prices have been rising since earlier this week, a move that came amidst a shift in the exchange ecosystem amongst toward markets that don’t charge trading fees. Observers are split, however, on the long-term trajectory of these trends.
Image via Shutterstock
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry.
Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
