For the second time in recent months, bitcoin has risen above 400. The achievement was due to slow and steady market rate increase this time whereas in the last surfacing it was more of a catapult.
The latter approach is less desirable for industry stability so the current price price increase is a much more welcomed occurrence.
This makes only the third time since January that bitcoin has risen above 400 and the second time since its brief peek in July. Meaning of the 4 peeks over 400, 50% of them have occurred in the fourth quarter of 2015 lending support to the solidification of stability for the commodity.
This answers the question raised on November 29th as to its ability to rise above $400 again in 2015.
Officially, this has now taken place.
Article by dinbits
Image by dinbits staff