Newsflash: Bitcoin Price is Within $5 of $1,600

Bitcoin price gains another $100 in another day of trading, surging ahead to dizzying new heights with bitcoin’s value now at touching distance of $1,600 (Bitstamp).

Data from the Bitstamp Price Index shows trading prices topping at an all-time high of $1,596.2 on Thursday.

This time yesterday, prices were fast approaching $1,500 for the first time in bitcoin’s history, and the significant milestone was scaled around 21:00 (UTC). Led by significant trading volumes in Japan followed by the United States, prices continued to surge ahead above $1,550 through Thursday.

At 15:00 on Thursday, prices reached above $1,575 before peaking at $1,596.2. At the time of publishing, bitcoin’s value is within range of its next milestone, trading at $1,590.59

Altogether, bitcoin’s value has gained over 20% in the first four days of May.  Bitcoin’s market cap is quickly approaching $26 billion.

The wider digital currency market, led by bitcoin, is now valued at over $42 billion.

For a live Bitcoin Price chart, click here.

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

Charts from BitcoinWisdom and CoinMarketCap.

Image from Shutterstock. 

About the Author

Samburaj Das

Samburaj is Editor of CCN.com, one of the earliest and foremost publications covering blockchain, and financial technology news. Now focusing on Markets, Showbiz, Sports, and Gaming. He has authored over 2,000 articles for CCN.com. Reach him at [email protected]. Visit his LinkedIn profile here.

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