2016/10/17 12:02 PM

The bitcoin price has undergone another small rise, hovering around $640 at press time. Nothing huge, but every step counts.

Also read: Bitcoin Price Makes Huge Gains as Yuan Crashes

Bitcoin Price at Highest Level Since Bitfinex Hack

As one analyst points out that bitcoin has reached its highest level since August, when Hong Kong-based bitcoin exchange Bitfinex saw over $70 million in BTC stolen from its storage wallets. Bitcoin immediately plummeted following the attack, and has been relatively slow regain ground. For now, though, the currency does appear to be making headway.

bitcoin price rise

According to some, this is only the beginning. One source explains that further rises are likely to occur in the coming weeks, and investors should keep their eyes open:

“BTC price managed to climb higher and registered a close above the $635 resistance. There was a nice upside move, which took Bitcoin price above a couple of important hurdles. There…

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