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Bitcoin Prices Surge Upward

Bullish Bitcoin Surge Surpasses 20-Month High

The exciting data

Cryptocurrency traders, investors, enthusiasts, and many others have joined in a global flurry of excitement over the recent dramatic rise in the value of Bitcoin

bitcoin, cexio, cex, chart, cryptocurrency, currency exchange
BTCUSD on the currency exchange platform
Major cryptocurrency news outlet, reports the following data:
Bitcoin prices broke through $500 on 28th May, building on the previous day’s momentum to reach a level not seen since August of 2014.
The sharp increase notably helped extend the digital currency’s recent rally, which has provided a stark contrast to the relative stability bitcoin experienced in the last several weeks and for much of the first half of 2016.
Overall, Saturday's move represented a 5.8% increase from its opening value of $473.47, a sharp rise that added to a 4.3% gain that took place on 27th May.
The digital currency first broke through the $500 level between 06:00 and 06:14 UTC on the 28th, eventually reaching a high of $531.70 for the day. At press time, the price had sagged somewhat, though prices remain $50 higher than just two days before.
During the run, prices hit their highest level since 21st August of 2014, when the price of bitcoin reached a high of $532.99 on the CoinDesk USD Bitcoin Price Index.
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