Bitcoin Price Tops $850

Bitcoin has surpassed the $850 mark, and by 8.00 UTC its average weighted exchange rate has comprised $863.52. At Bitstamp, Bitcoin price is currently $858, while Bitfinex offers $859, and BTC-e $844.

At Chinese exchanges, including BTCC and Huobi, Bitcoin price is nearing the $880 mark.

This means that the exchange rate has grown by upwards of 6 per cent within the last 24 hours.

Bitcoin has surpassed the $800 mark overnight to Wednesday.

The day before, Bitcoin market cap has exceeded the mark of $13 billion for the first time since November 2013, and now stands at around $13,871 billion.

By 7.20 am UTC, Bitcoin price has grown to $867.