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Bitcoin's Price is Up Over $50 Already Today
After trials and turbulence last week, the price of bitcoin is up more than 7% today already.
The price of bitcoin is up more than 7% today, climbing to just under $900.
STORY CONTINUES BELOW
Markets saw an average high of $896, according to the CoinDesk USD Bitcoin Price Index (BPI) after opening the day at $830. At press time, prices were currently averaging $882.10, an increase of just over 6%, BPI data shows.
Notably, CNY-denominated markets have climbed more than 10% today, hitting a high of ¥6,193.35. Prices are currently averaging ¥6,091.78.
The jump followed a day of relative calm, which saw the digital currency’s price fluctuate between $820 and $835 during much of the day’s trading.
BPI data shows that the price increase began shortly after 03:00 UTC this morning, a rise that has sparked curiosity given that it seems to have been driven by China-based exchange activity.
Bitcoin markets have seen a mix of volatile and subdued trading sessions in recent days, spurred significantly by regulatory developments from the region.
Image via Shutterstock
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry.
Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
