Bitcoin (BTC) prices have been trading north of $760 for more than a week now, according to data from the CoinDesk USD Bitcoin Price Index (BPI).
The price has been lingering above this level during a seven-day period in which the digital currency hit a 34-month high. Markets surpassed $760 at 10:00 UTC on 7th December, managing to reach one week above this level early on 14th December, figures show.
Bitcoin prices surged to $788.49 on 13th December, which represented the currency’s highest price this year and also its most elevated price since February 2014.
Over the next few weeks, bitcoin prices repeatedly flirted with their previous high of $781.31 reached in June, but continually failed to surpass that previous peak. However, on 13th December, the digital currency’s price broke past $781.31, hovering above that price for a few hours before declining back below $780.