[2015-12-06] coindesk: Bitcoin Price Tops $400 to Reach One-Month High

[secone]

The price of bitcoin topped $400 on the CoinDesk USD Bitcoin Price Index today, its highest value over the last four weeks.

The press time value of $401.83 represented the highest bitcoin price observed since 5th November, when the price hit a high of $447.25 across major USD exchanges including Bitstamp, Bitfinex, Coinbase, itBit and OKCoin.

Data shows the price began its most rapid runup at 22:30 UTC on 5th December, when the price rose abruptly from $377.49 to $385.93 over a 10-minute period. So far, the price rally has continued into 6th December, with bitcoin’s value up 3% over the day’s trading.


http://www.coindesk.com/bitcoin-400-one-month-high/

[Raswild]

The price has risen quite a lot. It seems there is no good news to drive the price high. Maybe it is the general awareness of the bitcoin make it rise.

[Kprawn]

It could be the pre-xmas sales driving up the demand or the 2000 merchants added in the Czech Republic --> http://www.coinfox.info/news/3934-2-000-czech-merchants-are-enabled-to-accept-bitcoin

This was basically the only good news we have received during this week..... well, that I know off anyways. There has definitely been a higher transaction volume lately,

https://blockchain.info/charts/n-transactions?btc=moon   

[Minecache]

Going down now.