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Bitcoin Prices Fluctuate Around $780

Bitcoin prices repeatedly surpassed $780 on 16th December, fluctuating within a very close range of this price for several hours.

By Charles Bovaird
AccessTimeIconDec 16, 2016 at 10:17 p.m. UTC
Updated Sep 14, 2021 at 1:58 p.m. UTC
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Bitcoin (BTC) prices repeatedly surpassed $780 on 16th December, a feat that up until today has only been achieved a handful of times since February 2014.

The digital currency first exceeded this price level today at 12:15 UTC, reaching $780.08 before falling back down to as little as $779.75 at 12:30 UTC, CoinDesk USD Bitcoin Price Index (BPI) figures reveal.

The digital currency continued to fluctuate within a very tight range over the next several hours, falling to as little as $779.41 at 13:45 UTC and rising to as much as $781.07 at 16:45 UTC, BPI data shows.

Bitcoin prices stayed within this range until 18:00 UTC, when they closed at $779.53 and remained below $780.

This tight, range-bound activity continued at the time of report, as BPI figures showed bitcoin prices were trading at $780.18.

Bitcoin prices have been trading at elevated levels, staying north of $760 since 7th December and surging to a 34-month high of $788.49 on 13th December.

Image via Shutterstock

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