Newsflash: Bitcoin Spikes to All-Time High of $1,350 as ETF Decision Looms

On what could prove an eventful day for the cryptocurrency in the lead-up to the SEC’s ETF decision, bitcoin price soared to a new all-time high of $1,350 on the Bitstamp Price Index (BPI).

Friday began with bitcoin trading near the $1,200 mark before sinking to a low of $1,176 at 07:20 (UTC). After flirting the $1,200 level through most of the morning, bitcoin was trading above the mark at midday. The soaring leap was yet to come.

At 13:10, bitcoin was trading to the dollar above $1,200. A frenetic 15-minute trading period saw price soar to $1,350, gaining over 13% in value. Correction quickly ensued, with price falling toward $1,250. Bitcoin’s previous all-time high was charted on March 3rd when price reached a peak of $1,298.

At the time of publishing, BPI data shows bullish signs, with bitcoin trading at $1,286.

Developing…Stay tuned for ETF coverage.

For a live Bitcoin Price chart, click here.

For the most recent bitcoin price analysis piece from CCN analyst Jim Fredrickson, click here.

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

Image from Shutterstock. Charts from Bitcoin Wisdom.

Last modified (UTC): March 10, 2017 4:21 PM

Share
Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering blockchain, cryptocurrency and financial technology news. He has authored over 1,500 articles for CCN and is invested in Bitcoin. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas

Disqus Comments Loading...

News Tip?

tips (at) ccn.com

About CCN.com

CCN.com, also known as CCN Markets, is a financial news site reporting on Market News and Gaming. Op-eds and opinions should not be attributed to CCN Markets. Journalists on CCN Markets follow a strict ethical code that you can find here. You can contact us here. You can read more about us here. Find our journalists here. U.S. Office: New Jersey, USA. Twitter. Facebook. LinkedIn. Youtube.