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Friday, July 21, 2017

Bitcoin Price Surges to One-Month High as Tech Outlook Improves

Bitcoin Price Surges to One-Month High as Tech Outlook Improves

After dropping to a low of $1,836 this weekend, the bitcoin price is once again climbing back toward all-time highs.


According to CoinDesk's Bitcoin Price Index, the price of bitcoin rebounded to $2,730 today, the highest value observed on the BPI since June 23 and just $300 off its all-time high of $3,025, set on June 11.


So, what's driving traders?


Overall, analysts are reporting that the recovery is largely due to the improving outlook for bitcoin's technology roadmap, spurred by the expected 'lock in' of a code upgrade called BIP 91 today.


Full story at http://bit.ly/2vGY5ob


Source: CoinDesk


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