The Bitcoin Price Keeps Breaching $750
Bitcoin surpassed $750 on 1st December, rising past this key psychological level but failing to reach $755.
Dec 1, 2016 at 10:21 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SL3PW7NMU5BJVIOWCY6A7ZXRII.jpg)
The price of bitcoin keeps bumping up over the $750 mark.
The digital currency’s price broke through this key psychological level today, representing the sixth time that bitcoin has surpassed $750 since mid-November, CoinDesk USD Bitcoin Price Index (BPI) figures reveal.
Bitcoin experienced these price fluctuations amid modest trading volume, as CoinMarketCap data shows that at no point during the session did 24-hour trading volume surpass $90 million. This lukewarm trading activity compares to last month, when 24-hour volume reached as much as $174 million on 3rd November and $173 million on 17th November.
The digital currency managed to breach $750 several times in November, climbing past this level before quickly falling back, according to BPI data. The digital currency first surpassed $750 on 17th November, briefly lingering above this level before surrendering its gains and then climbing once again.
Notably, the price of bitcoin has frequently exceeded $750 but has not breach $755 over the last few weeks.
Image via Shutterstock
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