Bitcoin price has grown by 19% since trading opened on Monday, 26th January, reaching the point of $303.06 at 8.52 GMT, according to the Coindesk BPI.
The price is now approaching the level from which it fell in the beginning of January. Earlier today, WSJ reported the imminent launch of the first US-licensed exchange by Coinbase.
Bitcoin price is compensating losses it suffered after Mike Hearn’s goodbye letter. In the last four hours bitcoin rose more than 10%.
After a short pause on Wednesday, bitcoin stages the rally again. The price of digital currency fluctuates around $332.
The Bank of Canada has released a research paper On the Value of Virtual Currencies. The report specifically emphasises that mainstream usage will stabilise bitcoin’s price. But is it truly a positive sign?
The record trade volumes are the result of another surge of bitcoin price. On 2 December 2016, the cryptocurrency reached $772.
The price of the digital currency has made a sudden leap overnight and continues to move towards $500 mark. The rally is pushed by Chinese exchanges.
