Bitcoin Price Surges Past $400 Mark
The price of bitcoin has surged past $400, gaining over 9% today at press time. Last time the CoinDesk BPI closed at over $400 was in late September, although the price briefly hit $409 in mid-October. Black October, encouraging November. For the first nine months of the year the price remained well above $400, aside from the BTC-e flash crash in August and a brief slump in April, likely caused by deposit freezes at Chinese exchanges. Gradually declining from July onwards, bitcoin reached a low of $319 on the 5th October, by far the worst month of the year in terms of price. By 14th....
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The price of Bitcoin has hit an all-time-high once again today, surpassing the $400 mark at Mt. Gox. In fact, at the time of this writing, the price is past the $420 mark, to much fanfare. We'll be surprised if the price keeps it up, but this is certainly yet another great milestone in the story that is Bitcoin, In other news, Bitcoin's market cap has surpassed the $4.5 billion mark, just days after passing $3 billion.