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.
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For the most recent bitcoin price analysis piece from CCN analyst Jim Fredrickson, click here.
All time references are in Coordinated Universal Time (UTC).
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