Share this article
Bitcoin Prices Fluctuate Around $780
Bitcoin prices repeatedly surpassed $780 on 16th December, fluctuating within a very close range of this price for several hours.
Updated Sep 14, 2021, 1:58 p.m. Published Dec 16, 2016, 10:17 p.m.
Bitcoin prices repeatedly surpassed $780 on 16th December, a feat that up until today has only been achieved a handful of times since February 2014.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The digital currency first exceeded this price level today at 12:15 UTC, reaching $780.08 before falling back down to as little as $779.75 at 12:30 UTC, CoinDesk USD Bitcoin Price Index (BPI) figures reveal.
The digital currency continued to fluctuate within a very tight range over the next several hours, falling to as little as $779.41 at 13:45 UTC and rising to as much as $781.07 at 16:45 UTC, BPI data shows.
Bitcoin prices stayed within this range until 18:00 UTC, when they closed at $779.53 and remained below $780.
This tight, range-bound activity continued at the time of report, as BPI figures showed bitcoin prices were trading at $780.18.
Bitcoin prices have been trading at elevated levels, staying north of $760 since 7th December and surging to a 34-month high of $788.49 on 13th December.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
