Bitcoin price reaches $1,400, about to hit its highest value in history!

Yes! Bitcoin has proven again its resiliency! People, investors to be specific, have been doubting Bitcoin in the past few months, but look at Bitcoin now! Yes! Bitcoin keeps on breaking records!

The price of bitcoin rose above $1,400 today, setting a new all-time high.

At press time, the cryptocurrency’s price had climbed to as much as $1,407.05, a 4.4% increase for the day, according to the CoinDesk Bitcoin Price Index (BPI).

This latest price increase builds upon the gains that the cryptocurrency has experienced over the last several sessions – during which markets have repeatedly risen to new highs – and that have effectively rekindled bitcoin’s early 2017 momentum. It also comes as prices in ether markets (the cryptocurrency of the ethereum network) rose to new all-time highs as well this morning.

After spiking to new highs in January, the cryptocurrency’s price languished for several weeks in March after the SEC rejected the bitcoin exchange-traded fund proposed by investors Cameron and Tyler Winklevoss. While bitcoin prices hit $1,325.81 in the hours before the ruling, they went on to fall below $900 later that month, according to the BPI.

After bottoming out at $891.51 on 25th March, the cryptocurrency’s price resumed its upward climb, rising to fresh highs of $1,335.56 on 27th April, $1,343.59 on 28th April and $1,348.65 on 30th April.

Bitcoin prices are currently averaging $1,402.03, according to data from the BPI.

via Coindesk.com