The price of bitcoin surpassed the $450 mark today for the first time this year.
In the last month, the price of bitcoin has increased by 88.5%, having closed on $238.69 on 4th October.
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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.