The price of bitcoin is up more than 7% today, climbing to just under $900.
Markets saw an average high of $896.75, according to the CoinDesk USD Bitcoin Price Index (BPI) after opening the day at $830.26. At press time, prices were currently averaging $882.10, an increase of just over 6%, BPI data shows.
CNY-denominated markets have climbed more than 10% today, hitting a high of ¥6,193.35. Prices are currently averaging ¥6,091.78.
The jump followed a day of relative calm in bitcoin markets(/bitcoin-tranquility-prices-800-range/), which saw the digital currency’s price fluctuate between $820 and $835 during much of the day’s trading.
BPI data shows that the price increase began shortly after 03:00 UTC this morning.
Bitcoin markets have seen a mix of volatile and subdued trading sessions in recent days, spurred significantly by regulatory developments out of China and the reaction amongst exchanges in light of increased oversight by the country’s central bank.
Image via Shutterstock