28 May 2016. Saturday morning brought with it an unexpected twist taking bitcoin price to its pinnacle. Bitcoin price skyrocketed, crossing the $500 mark. As inconceivable as it sounds, it was reported to be as high as high $531.70 on the same day at 06.14 UTC. If we look back at the previous records, bitcoin price hadn’t touched the $500 for almost two years. So clearly, it is an all time high since August, 2014 when the BTC price was last reported to be $532.99. '

Nevertheless, this steep rise in the price comes as a surprize since the bitcoin price was looming around $470 just the day before. On friday, it was closed at $473.47 as per the reports of coindesk. But the following day, it literally smashed the barriers and inclined with a percentage rise of more than 12 percent. The BTC price reached the highest of the day at 06.14 UTC which was $531.70 and it was eventually closed at $525. For all one knows, this drastic incline seemed obvious owing to the recent trends and reports. We also extrapolated about this coming upslope through our blog, Bitcoin Price Surges Towards $500 Mark. However, it appeared uncertain lately when the bitcoin price fluctuations suddenly went sluggish earlier this month. But it turned out to be amazing, proving everyone wrong.

Continue reading at:- https://www.digitalcoinsexchange.com/blogs/bitcoin-price-breaks-the-barriers-crosses-500-mark/