Topic: Bitcoin Price Passes $750 to Hit 28-Month High - page 4. (Read 5626 times)

It's pretty hard to think now that bitcoin will rise to $1,000 because many things are happening like halving, brexit etc. The price is trying to stay above $600 but it is very unstable. It passed $750 but fast was decreased to $600, hope this halving will increase the price back to $750.

As we speak the value of bitcoin is about 673 USD according to preev. I hope it will continue to rise more in this week and reach 1000$ later. If that would happen it will be nice.

The price of bitcoin broke $750 today, building on recent gains to hit a 28-month high.

Bitcoin prices reached $750.37 during the day's session, the highest since 7th February, 2014, CoinDesk USD Bitcoin Price Index (BPI) figures reveal. The digital currency exceeded its latest milestone of $750 after surpassing $700 early on 13th June, and then nearing $720 later that day.

Of late, bitcoin has benefited from a multitude of factors, including concerns about China’s economy, anticipation surrounding the upcoming halving and fear of a Brexit, and this momentum is showing signs it is continuing to build.

The digital currency suffered a notable drop on 14th June, falling more than 8% and coming within a few percentage points of a correction. While such a decline might have prompted concerns it had become overvalued, the digital currency’s recent gains support the position this was merely a temporary pullback.

Going forward, bitcoin could easily enjoy further appreciation, as data provided by bitcoin trading platform Whaleclub indicates short interest has dwindled to practically zero while long interest has hit an all-time high.

Past that, the digital currency could easily benefit from the visibility that blockchain technology has been generating.

A wide range of market participants, central banks and other entities have been examining this distributed ledger’s potential uses, and as the technology draws more attention, it may draw mainstream traders to the nascent market.

While market experts have provided various explanations for bitcoin’s recent price appreciation, one variable they are pointing to as having key importance is the upcoming halving of network rewards.

For more on the upcoming halving, read our full guide here.

Charles L. Bovaird II is a financial writer and consultant with strong knowledge of securities markets and investing concepts.

Follow Charles Bovaird on Twitter here.

Little boy with kite image via Shutterstock

Price is now 620$ but I think price of bitcoin have a jump again and it can hit 800$ in the coming days.

Price is 580$ at Coindesk now,fast pump fast dump,i hope price will pass 620$ and will be traded above
if not i see battle at 520$,lets see

Price is 580$ at Coindesk now,fast pump fast dump,i hope price will pass 620$ and will be traded above
if not i see battle at 520$,lets see

Price is going down now on continuous basis, so I think we may see price drops in coming days too, better to buy some coins now or just hold the existing ones for halving.

Price is 580$ at Coindesk now,fast pump fast dump,i hope price will pass 620$ and will be traded above
if not i see battle at 520$,lets see

Price is 580$ at Coindesk now,fast pump fast dump,i hope price will pass 620$ and will be traded above
if not i see battle at 520$,lets see

Yes, that's sad. We had a 100$ drop in one day. Now I have to wait in order to sell my coins, since I wanted to do it at 700$+.

Unfortunately the price has dropped significantly to $674 at the moment. I think many people who bought at $250-$400 made a good profit selling their coins and that's a good thing. Now if most of them sold most of their coins already the price will start rising again.

Unfortunately the price has dropped significantly to $674 at the moment. I think many people who bought at $250-$400 made a good profit selling their coins and that's a good thing. Now if most of them sold most of their coins already the price will start rising again.