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Tuesday Ends With Bitcoin Price Up Nearly Ten Percent

newsbtc by newsbtc
8 years ago
in Cryptocurrency news
Reading Time: 2 mins read
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As Tuesday comes to a close here on the Eastern side of the United States, digital currency users are delighted to see something different in the community, with a certain level of refreshment and optimism.

That’s because the bitcoin price rose more than ten percent at one point Tuesday, just grazing past $500 earlier in the afternoon at the Bitstamp exchange.

There’s been no lack of positive news lately, with news of Circle’s new products and BitPay’s aim to become a part of Toshiba’s VisualTouch point-of-sale system. Not to mention the excellent slew of events that took place at Bitcoin 2014 in Amsterdam.

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The very topic of what brought the price down to a six-month low of $340 at Bitstamp have seemingly subsided now that fears of a catastrophic meltdown in China due to pressure from the country’s central bank have subsided, primarily because nothing terribly bad has happened as a result.

The question is, will the increase persist? Most people would like that to happen, especially since we’ve been in a rather boring period of stability (which is actually a good thing). But you can’t help getting excited when that number gets higher, can you?

We’re certainly a long way from the jumps experienced last year. The first took place in April, when the bitcoin price soared past $200 from double digits. Later in November, the bitcoin price climbed past $1000 at disgraced bitcoin exchange Mt. Gox.

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As of this writing, the price per bitcoin is pegged at $496 at Bitstamp, up just over 7.5 percent in the past twenty-four hours.

Where do you think we go from here?

Tags: bitcoinbitcoinpricechartsNewsrally
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