Bitcoin prices push above $500, set for 20% week
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Bitcoin prices push above $500, set for 20% weekly gain
May 23, 2014, 10:43 AM ET
Bitcoin prices have taken off in the last few days.
In recent action, bitcoin BTCUSD +0.99% rose to $532.13. That’s up about 20% since last Friday’s level of $445.01 according to CoinDesk’s bitcoin price index, which tracks prices on three exchanges. While $500 is a far cry from levels around $1,000, where bitcoin was trading late last year, it’s significant because bitcoin has been hovering in the $400s since late March.
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