Bitcoin Price Continues To Soar Ahead Of Next Month’s Halving

The last time a bitcoin was fetching $700, the cryptocurrency was in free fall from a high of $1,000, but now renewed interest in the digital currency together with a weakening Chinese yuan and an imminent “halving” are pushing the price to its highest level in 30 months.

On Monday the price of a bitcoin reached $695 on CoinDesk’s Bitcoin Price Index, a figure last seen in February 2014. The latest surge comes after a month of renewed interest in the cryptocurrency, seeing the price just from around $450 on May 26.