WhatsWeb

whats known and unknown

Bitcoin blows through $300 and keeps climbing

on November 8, 2013

Gigaom

Remember the old days when one Bitcoin traded for 200 US dollars? Well, those days were just a few weeks ago and now the virtual currency is on a wild new surge that has already taken it far above $300 — here’s a graph from exchange site Bitstamp, which is listing the price at $325 on Friday morning:

Bitstamp screenshot

Other exchanges show similar gains. According to Bitcoin charts, the trading prices is above $320 across the board, while Mt. Gox, which carries a premium due to liquidity troubles, is listing the currency at $353.

Even by the standards of Bitcoin, this is a wild ride. It invokes the specter of last April when a spectacular crash sent the currency from above $200 down to about $50:

Bitstamp screenshot

While the current surge seems unsustainable, the next collapse may not be as dramatic because, even since April, Bitcoin has acquired…

View original post 63 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: