Bitcoin Prices Soar 19% on the Week

Bitcoin Prices Soar 19% on the Week
BY JACOB MASLOW

Bitcoin prices are on the rise. Over the last week, the prices of bitcoin rose by 19%.

Prices opened at $209.93 last week with an ending price of $254.51. Sharp price increases are fueled by two major news announcements. Braintree activated payments for their US merchants and Coinbase opened the first regulated exchange in the United States.

Opening at $254.51, bitcoin prices skyrocketed even further today to hit a high of $307.97. Prices have since settled with an increase of 6.86% to $271.96.

Coinbase opening the first regulated bitcoin exchange is expected to drive prices much higher.

Braintree integrated coinbase into their software development kit last week, helping Coinbase secure further users as a result. Mega clients, such as Uber and Airbnb, are among many that use Braintree to run their payment systems.

Full story: http://www.streetwisejournal.com/bitcoin-prices-soar-19-week/5291/

-- StreetWise Journal 2015-01-27