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

NEWS
Stan Higgins
Dec 23, 2016 at 14:54 UTC  |  Updated  Dec 24, 2016 at 00:02 UTC

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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.

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