For the first time in three months, the price of bitcoin has surpassed $600 on the Bitstamp exchange. That’s up over 7 percent in the past twenty-four hours and nearly 37 percent in the past month.
As of this writing, we’re looking at a price of $612 at the exchange.
The spike comes following some huge buys on the exchange, which comes in the midst of new-found optimism following weeks on end of a minimal movement (as compared to bitcoin’s price history, of course).
It’s unclear what in particular has caused this spike, but what is clear is that there has been no shortage of good news in the community lately.
Most recently, we learned that major television provider DISH Network was adopting bitcoin as a means of accepting payment. The company says they’re planning to flip the switch and get the system going some time in the third quarter.
This week you may have also noticed we’ve had a poll in the lower right-hand corner of the site asking if you think we’re beginning to get into another bubble:
These spikes are the cause of great excitement on social media today, leaving enthusiasts wondering whether or not the price will climb even higher.
What do you think? What are we in for? We’ll have additional updates in the next price watch analysis.