Bitcoin Moves Within Striking Distance of All-Time Price High
The price of bitcoin continued to inch upward today, reaching a press time high of $1,060 on the CoinDesk Bitcoin Price Index. In total, the global exchange average was the highest observed since 5th December, 2013, when bitcoin traded at a high of nearly $1,150. According to BPI data, the price remains just over $100 short of its all-time high of $1,165.89, reached on 30th November, 2013. Notably, the uptick occurred during a time of heightened interest for the digital currency, which has drawn media attention from publications including BBC News, The New York Times and The Washington....
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BTC is back within striking distance of its all-time high set early last month.
The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.”
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After failing to set a new high during yesterday's trading, bitcoin's price is edging up once again to start 5th January. At press time, bitcoin prices had increased $10 during the first hours of the day's session to top $1,140, according to data from the CoinDesk Bitcoin Price Index. The upward movements follow a pattern observed on 4th January, when the digital currency's price appreciated sharply after crossing $1,100 before meeting resistance at $1,140. With the move, global exchange averages are again within striking distance of the previous all-time high of $1,165.89 set on 30th....