Share this article
BTC
$82,402.18
+
7.29%ETH
$1,642.71
+
12.10%USDT
$0.9994
+
0.05%XRP
$2.0472
+
12.23%BNB
$580.01
+
5.05%SOL
$118.82
+
14.41%USDC
$0.9999
-
0.01%DOGE
$0.1604
+
12.23%ADA
$0.6328
+
13.11%TRX
$0.2365
+
2.46%LEO
$9.3545
+
3.91%LINK
$12.58
+
15.52%TON
$3.2100
+
6.99%AVAX
$18.52
+
15.54%XLM
$0.2442
+
10.10%SUI
$2.2554
+
14.02%HBAR
$0.1696
+
13.75%SHIB
$0.0₄1192
+
11.63%OM
$6.4460
+
4.35%BCH
$307.90
+
13.85%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Bitcoin's Price Just Ended Its First Month Above $1,000
The price of bitcoin passed another milestone today, as it has now been trading above $1,000 for a whole month.
Bitcoin prices have reached a new milestone, as the price has now officially traded above $1,000 for an entire month.
STORY CONTINUES BELOW
The digital currency's price has remained above this level in spite of notable headwinds, specifically the rejection of the bitcoin ETF proposed by investors Cameron and Tyler Winklevoss, and the ongoing debate over how best to address the digital currency's perceived technical limitations.
Bitcoin prices first crossed the $1,000 mark roughly halfway through 14th February, and reached one month above this level at approximately mid-day today, according to the CoinDesk Bitcoin Price Index (BPI).
During this month-long period, bitcoin primarily followed a steady, upward trend, making numerous attempts at breaking $1,300, BPI data shows.
Shortly after the SEC announced its decision, the currency plunged, falling nearly 30% from roughly $1,290 to $1,022.68, its low on the BPI, though single exchanges may have seen sharper declines.
At the time of report, bitcoin is trading at $1,249.64, roughly 25% above the $1,000 mark, BPI figures show.
Mountain peaks 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.
