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

Posted in: Archive
Published:
May 4, 2017 7:58 PM UTC

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.

Bitcoin’s price chart over the last week.

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. 

Last modified: June 14, 2020 9:34 AM UTC

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Samburaj Das @sambdas

Samburaj is the Chief Editor of CCN.com, one of the earliest and foremost publications covering blockchain, cryptocurrency, and financial technology news. He has authored over 2,000 articles for CCN.com. Reach him at samburaj@ccn.com. Visit his LinkedIn profile here or his Muck Rack profile here.