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The price of bitcoin surpassed the $450 mark today for the first time this year.

According to CoinDesk's USD Bitcoin Price Index (BPI), bitcoin opened the day at $400.71 before increasing 12.5% to $450.60 at 10:49am (UTC). It has since increased to $452.17 at press time.

Today's peak price marks another yearly high for the digital currency, which passed the $400 mark for the first time since November 2014 just yesterday.

In the last month, the price of bitcoin has increased by 88.5%, having closed on $238.69 on 4th October.

coindesk-bpi-chart (2)

Bitcoin's performance in the last three months have seen its value rise by 58%, closing the day's trading on $284.50 on 4th August.

coindesk-bpi-chart (3)

Today's peak price marks an increase of 43% since the beginning of this year, when bitcoin closed at $313.92 on 1st of January before plummeting to $177.28 on 14th January.

Man image via Shutterstock.

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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