Bitcoin has hit an all-time high, and currently is selling at a price of $263.42. We can also see the price steadily rising up as these words are being written.
Anyone that follows the Bitcoin exchange rate might have noticed yesterday that the price shot up, and is continuing to rise. At $263.42, this is highest the cryptocurrency has been priced at since April of this year. The price surge back in April was partly due to Cyprus acquiring large amounts of Bitcoins and it reached a then all-time high of $234.25.
The last couple of months did show a slip in the price after the Silk Road incident that brought it down to just $112.75. The price quickly climbed back up after Chinese search engine, Baidu, decided to seriously invest in Bitcoin and reached a steady price point, surrounding the $200 range.
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After seeing the currency becoming more accepted worldwide, and its popularity gaining and becoming more mainstream, it seems as if nothing can stop the price of Bitcoin from continuing to rise steadily.
Our numbers are from CoinBase’s Bitcoin converter and charts.
Photo courtesy of Wikimedia