Bitcoin Price Reaches a Two Month High

Bitcoin price has reached $250 on Bitstamp, marking the highest price since the 13% decline on August 19th.
According to Finance Magnates:

The milestone caps a steady 3-week climb that has seen the digital currency gain 12% from its $223 support level.
The streak helped bitcoin cross back above its 50-day moving average (MA) for the first time since early August.
After volatility in August and another foray below $200, it was tempting to write off Bitcoin’s currency, as was common following price plunges in the past. Increasingly overshadowed by its blockchain and other emerging distributed ledger technologies, it seemed intuitive that the currency’s time as a passing fad was up.

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