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Bitcoin Price Surge Continues, Passes $900 to Approach 3-Year High

(@mpmcsweeney) | Published on December 23, 2016 at 14:54 BST
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Bitcoin prices have shot past $900, the latest move in a week of dramatic market increases.

The digital currency’s price peaked at $911.99, according to data from the CoinDesk USD Bitcoin Price Index (BPI). Prices haven’t exceeded the $900 level since mid-January 2014, BPI data shows.

At press time, the price is hovering around an average of $902.92.

The development comes only two days after markets worldwide crossed the $800 mark, followed by additional action yesterday that saw the price exceed $870 before dipping.

The rapidly climbing price has sparked headlines across major news outlets, culminating a year of dramatic market movements that have followed events like the UK vote to exit the European Union and the election of Republican Donald Trump to the US presidency.

Image via Shutterstock

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