Bitcoin price is going from strength to strength, shattering its way to a new high in 2016 at $793.27. The remarkable milestone is a double-header, with bitcoin price pushing toward highs not seen since early 2014.
On February 6, 2014, the price of bitcoin reached a high of $796.05. Today’s high of $793.27 on the Bitstamp Price Index (BPI) represents a trading level that hasn’t been seen since the early days of 2016 as bitcoin builds on a steady swell whilst foregoing the volatility that the cryptocurrency is often coined with.
The day began with trading to the dollar at $777.38 at midnight UTC. As trading approached $780.04 at 02:00 AM, a quick surge saw price quickly break the $790 mark to chalk in the new year-high at 02:40 AM.
Although price then took a steep decline toward $770.02 in a 15 minute trading period, steady trading since has seen the BPI reach recent levels.
At the time of publishing, bitcoin is trading at $777.50