Bitcoin prices have risen above $800 for the first time since February 2014, setting a fresh 34-month high.
At press time, the price has slid back below the $800 mark, trading at an average of $799.20, BPI data shows.
Bitcoin prices have neared the $800 level in recent days, prompting some market watchers to predict that the market would likely pass the mark before the end of 2017.
Image via Shutterstock
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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.