Over the past week, the market value of bitcoin has been on a tear. On May 3rd the price per BTC hit another record high of US$1518 on Bitstamp and even higher across other global exchanges.
Many bitcoiners have been celebrating the spring months of April and May, as the past few weeks has seen all-time price highs for bitcoin. Cryptocurrency proponents were quite pleased when BTC’s fiat value rose above the $1400 mark and were subsequently surprised when $1500 came quickly after. At press time the price per BTC had reached $1547 after dipping into the $1490s several times.
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