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Value of Bitcoin: the digital currency’s higher price

value_of_bitcoin

Value of Bitcoin: the digital currency’s higher price

The value of bitcoin has grown a lot in the last period, reaching its all-time high set back in 2013.

According to the CoinDesk Bitcoin Price Index, at the moment the value of bitcoin is less than $30 below the maximum ever value of $1,165.89 reached on November 30th, 2013.

This latest rise comes after bitcoin’s longest ever period at over $1,000, and a period of average volatility during the recent few months.

Also, this high might reflect the traders and investors confidence in an industry field that has been recently affected by the Chinese central bank’s plan to restrict the Chinese bitcoin exchanges environment, with the result of several of them to temporarily stop any withdrawals of the digital currency.

 

Click here to better understand what gives Bitcoin value with an infographic.

 

Another possible news to having an influence on the value of Bitcoin is the currently SEC decision on the Winklevoss brothers’ bitcoin ETF – an event that some experts explained that traders are already pricing in a potential approval.

On March 11st we could see the approval of the first bitcoin ETF within the U.S.A. market, opening the virtual currency to a larger group of investors.

However, many experts in the industry cannot see a high propension of financial regulators to approve this move.

For more charts about the Value of Bitcoin in the past, click here.

 

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Amelia Tomasicchio
Amelia Tomasicchio

Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

One thought on “Value of Bitcoin: the digital currency’s higher price

Ether price is reaching its all time highs – HolyTransaction's BlogPosted on  2:57 pm - Mar 4, 2017

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