Home Capital & Crypto Newsflash: Bitcoin Price Pushes Toward $470

Newsflash: Bitcoin Price Pushes Toward $470

Samburaj Das
Last Updated March 4, 2021 4:48 PM

The Bitstamp Price Index came close to hitting the $470 mark late on 26th April. The bitcoin price is the latest in a series of key milestones of $444, 450 and $460, all setting respective yearly highs.

Bitcoin has been experiencing a resurgence, with a rally began last week following a plateau for a month which saw price remain fairly steady, hovering between $400-$420.

At the time of publishing, Bitcoin price was trading at $458.50.

BPI Bitstamp 042716 458.5.

The forward momentum is attributed by common opinion toward the release of the Segregated Witness code by developers. As an upgrade to the Bitcoin protocol, SegWit offers a temporary solution bringing respite to the blockchain by allowing each block to hold a larger number of transactions, until the roadmap to a hard-fork is achieved.

The Bitstamp Price Index struck $440 on April 20th, the day following the release of the SegWit code. The last time bitcoin was trading at the $440 price level was back in January 2016.  On April 25th, Bitcoin price called higher to reach $460 after breaking the $450 marker late last week.

The Bitstamp Price Index came close to the $470 price level, hitting $469.44 at 21:15 on April 26th.

For a live Bitcoin Price chart, click here.

All time references are in Coordinated Universal Time (UTC).

Featured image from Shutterstock.