Gamblers enjoy bitcoin's two year high at $700

Online sports gamblers who double as investors were very happy this morning.

SBR Forum posters discussed being bullish on the digital currency last week at the bitcoin sports betting forum following steady gains.

Today bitcoin surpassed the $700 mark for the first time since February 2014.

This means that sports bettors who have funds sitting in bitcoin wallets are enjoying healthy additions to their bankroll.

Bitcoin allows sports bettors to avoid paying outrageous withdrawal fees and waiting days or weeks to receive payment. As a decentralized cryptocurrency, bitcoin is freely traded among users and not subject to government regulation. However, players are still responsible with properly declaring their taxes on gambling winnings derived from bitcoin just as they would be with a regular fiat method.

Below is a graph showing the bitcoin price fluctuations from the previous three months. The data was supplied by Coindesk.com.

Date Close Price
6/13/2016 695.17
6/12/2016 675.34
6/11/2016 611.78
6/10/2016 579.13
6/9/2016 576.45
6/8/2016 583.1
6/7/2016 577.86
6/6/2016 585.53
6/5/2016 574.11
6/4/2016 573.45
6/3/2016 570.47
6/2/2016 538.14
6/1/2016 536.42
5/31/2016 531.8
5/30/2016 532.59
5/29/2016 524.08
5/28/2016 525.43
5/27/2016 473.47
5/26/2016 453.82
5/25/2016 449.23
5/24/2016 445.13
5/23/2016 443.73
5/22/2016 438.77
5/21/2016 443.13
5/20/2016 442.95
5/19/2016 436.73
5/18/2016 453.38
5/17/2016 452.75
5/16/2016 453.41
5/15/2016 457.85
5/14/2016 455.75
5/13/2016 455.73
5/12/2016 454.82
5/11/2016 452.11
5/10/2016 450.99
5/9/2016 461.49
5/8/2016 459.44
5/7/2016 459.46
5/6/2016 460.37
5/5/2016 448.53
5/4/2016 446.96
5/3/2016 450.27
5/2/2016 444.51
5/1/2016 453.04
4/30/2016 449.33
4/29/2016 456.35
4/28/2016 449.86
4/27/2016 445.01
4/26/2016 467.8
4/25/2016 462.51
4/24/2016 460.33
4/23/2016 452.58
4/22/2016 447.64
4/21/2016 451.1
4/20/2016 442.16
4/19/2016 436.1
4/18/2016 429.05
4/17/2016 427.86
4/16/2016 430.84
4/15/2016 429.98
4/14/2016 425.11
4/13/2016 424.4
4/12/2016 425.99
4/11/2016 422.99
4/10/2016 421.11
4/9/2016 418.42
4/8/2016 418.09
4/7/2016 421.2
4/6/2016 421.7
4/5/2016 422.65
4/4/2016 419.42
4/3/2016 419.38
4/2/2016 419.69
4/1/2016 417.01
3/31/2016 415.16
3/30/2016 412.69
3/29/2016 415.55
3/28/2016 422.76
3/27/2016 425.38
3/26/2016 416.73
3/25/2016 415.69
3/24/2016 414.34
3/23/2016 417.39
3/22/2016 416.93
3/21/2016 411.42
3/20/2016 410.75
3/19/2016 408.52
3/18/2016 408.04
3/17/2016 418.45
3/16/2016 416.25
3/15/2016 415.38
3/14/2016 415.09
3/13/2016 412.29

Find information on 47 online bookmakers offering bitcoin.

 
 

 


 

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