Bitcoin prices came within striking distance of $2,000 today, falling short by about $50, according to the CoinDesk Bitcoin Price Index (BPI).
The price of bitcoin rose to as much as $1,955.92 during the session, bringing the cryptocurrency less than 3% below $2,000. Markets later fell back to $1,911.79 by roughly 18:45 UTC.
At press time, the average price of bitcoin is $1,940.21, BPI data shows, representing a roughly 2.8% gain since the day's open.
Bitcoin's price has followed a steady, upward trend over the last several months, pushing higher as the broader cryptocurrency space draws sustained inflows. The total market capitalization of the digital asset ecosystem reached a record $67.5bn earlier today.
Some analysts, including investor and entrepreneur Vinny Lingham, see more upside in bitcoin's future. Yet such developments would be contingent on the resolution of the ongoing debate around scaling the digital currency network, Lingham told CoinDesk.
Golf ball image via Shutterstock
DAO.Casino Automates Trust in Online Gambling with Blockchain Technology
The increasing number of online gambling platforms has made it hard for people to differentiate between the ones that are genuine and those that arenât. However, there is a solution that makes
131 Countries: BitPay Goes International With Bitcoin Prepaid Visa Card
BitPay is expanding its prepaid bitcoin card offerings to more than 100 new countries.
Unveiled today by BitPay chief commercial officer Sonny Singh at Consensus 2017, the Visa-branded offering ena
Consensus 2017: 'The Future Is Here' For Blockchain's Cross-Border Impact
The use of blockchain to conduct business across international lines has long been seen as a major application for the tech – but where it offers the most benefits is still open to debate.
Consensus 2017: Enterprise Ethereum Alliance Puts Blockchain Privacy Into Focus
Privacy and confidentiality are big-ticket priorities for the Enterprise Ethereum Alliance, ethereum-focused consortium launched in February.
The group – which last night announced the addition of
Bitcoin jumps $200 in single day and has nearly doubled in May on surging global demand
Bitcoin added more than $200 Monday at one point amid a major New York conference on digital currencies, following a surge in weekend interest from Asian investors. The cryptocurrency briefly
Exchanges Are Weak Point of Cryptoworld, NVO Will Change It
Exchanges are the achilles heel of the cryptocurrency world. Unlike a stock market, where securities are held by a custodian bank and your cash would be in your bank account, in many cryptocurrency
Enterprise Ethereum Alliance Announces Technical Board
The Enterprise Ethereum Alliance, an organization comprised of the some of the most prominent names in blockchain, recently announced its inaugural Technical Steering Board. Focused on building out Et
Bitcoin Price Blitzes Beyond $2,200; USD Markets Reign
The rampaging run continues as bitcoin price soars above $2,220 to new uncharted heights led by trading in US markets.
“Bitcoin Price Could Leap over $2000 in 2017” read a CCN headline citing Danis