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Author Topic: [2014-05-21] Renewed Optimism Drives Bitcoin Price to High Near $500  (Read 448 times)
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May 21, 2014, 03:58:16 AM

The price of bitcoin on the CoinDesk CNY BPI saw a similar spike, rising to a high of ¥3041.89, up from its opening at ¥2769.04.

At press time, prices on both the USD BPI and CNY BPI had cooled somewhat, with the price of bitcoin observed at $483.54 and ¥3010.13, a rise of roughly 8% on each index.

The first significant market movement in some time, the day’s activity could be seen as yet another sign the price of bitcoin may be poised for a bull run, as some analysts have speculated.

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