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 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.
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.