It took Less Than 24 Hours to Climb Another $100
Photo Credit: thenextweb.com
It was less than 24 hours ago that Bitcoin topped $500 for the first time. Just minutes ago the value of one Bitcoin surpassed the $600 marker.
Thenextweb.com reports on the global crypto currency phenomenon:
“It’s been an interesting day for crypto-currency Bitcoin after its valuation passed $600 on a trading platform for the first time, while another major trading company (the world’s largest for Bitcoin) landed a $5 million investment.
Bitcoin seemed in trouble back in October when its valuation tumbled as low as $119 following the FBI seizure of illicit goods marketplace Silk Road, but today BTC China, which recently overtook Japan-based Mt. Gox as the trading system processing the largest volume of Bitcoin, announced a $5 million Series A round of investment — as Technode reports.
Also today, the currency’s valuation passed a record high of $618.94 on Mt.Gox, known for being one of the most reputable indicators of Bitcoin, before dropping down to a steadier number in the $560-$580 range, as charts from Clark Moody show — though the average price remained under $550, according to CoinDesk.
The investment in BTC China comes at an interesting time. Markets and users situated outside of the US — and China in particularly — are waking up to the potential of the virtual currency.”
Read the Full Story here>>