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Bitcoin price surges to year-high $774

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Staff Writer | December 2, 2016
After hovering around the $730-$750 mark through most of November, bitcoin price rose rapidly as the day began, charting significant gains to peak at $774, a high for 2016.
Currency   Bitstamp Price Index
Bitcoin to the dollar on the Bitstamp Price Index (BPI) struck $751.51 at midnight (UTC) before a quick leap that began at 00:45 saw price climb to $762.13 an hour later at 01:45.

Value eased above the $760 mark before another short before another spike saw price scale to $771.03 at 05:35, all representing yearly highs.

After continually breaching this year’s high – last set in June 19th in the lead-up to the halving event – the BPI chart soon revealed that there was still plenty left in the tank.

As bitcoin’s value struck $764.33 following steady numbers, an 80-minute trading period saw price swell up to $774, striking the new year-high.