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Bitcoin Prices Fluctuate Around $780
Bitcoin prices repeatedly surpassed $780 on 16th December, fluctuating within a very close range of this price for several hours.
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Bitcoin
prices repeatedly surpassed $780 on 16th December, a feat that up until today has only been achieved a handful of times since February 2014.
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The digital currency first exceeded this price level today at 12:15 UTC, reaching $780.08 before falling back down to as little as $779.75 at 12:30 UTC, CoinDesk USD Bitcoin Price Index (BPI) figures reveal.
The digital currency continued to fluctuate within a very tight range over the next several hours, falling to as little as $779.41 at 13:45 UTC and rising to as much as $781.07 at 16:45 UTC, BPI data shows.
Bitcoin prices stayed within this range until 18:00 UTC, when they closed at $779.53 and remained below $780.
This tight, range-bound activity continued at the time of report, as BPI figures showed bitcoin prices were trading at $780.18.
Bitcoin prices have been trading at elevated levels, staying north of $760 since 7th December and surging to a 34-month high of $788.49 on 13th December.
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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