Bitcoin Price Passes $570 for First Time Since August 2014

The price of bitcoin is up more than 6% today, according to the CoinDesk Bitcoin USD Price Index (BPI), reaching a level not seen in nearly two years.

AccessTimeIconJun 3, 2016 at 5:24 p.m. UTC
Updated Sep 11, 2021 at 12:18 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now
Price
Price

The price of bitcoin is up more than 6% today, according to the CoinDesk Bitcoin USD Price Index (BPI), reaching a level not seen in nearly two years.

Today’s market movements, which have pushed the price to a press time high of $574.43, follow a period of elevated bitcoin trading activity.

This is the first time the average price of bitcoin has risen to these heights since August 2014. On 11th August of that year, USD markets saw a high of $589.87, according to BPI data. A day later, prices peaked at $573.94.

Bitcoin prices have surged significantly in the past week, in markets that trade against both the USD as well as the Chinese yuan.

CNY-denominated markets are up more than 4% today, reaching a high of ¥3,775.83 at press time, according to the CoinDesk Bitcoin CNY Price Index.

May closed with a bitcoin price breakout that exceeded the $500 barrier, a move that followed a then-six-month high seen just two days prior.

Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



Read more about