Outstanding that the prices are still rising even though the FBI took out the infamous “Silk Road”
Bitcoin, the virtual currency beloved by dreamers, speculators and criminals, is on a new upswing as the popular Mt. Gox exchange showed it trading slightly above $200 late Tuesday afternoon ET:
As the chart shows, Bitcoin is trading on other exchanges at a price closer to $185 (trades on Tokyo-based Mt. Gox come at a premium, possibly due to its recent legal and regulatory troubles). But, by whatever metric you pick, Bitcoin is soaring — up over $60 this month alone. And the current price is up more than $150 from the low of $50 it hit after a spectacular crash in April.
The gains are also notable because Bitcoin has weathered a series of wrenching shocks in the last six months: the FBI’s takedown of Silk Road (a criminal marketplace that relied on Bitcoin); the feds’ seizure of millions from Mt. Gox; an ugly lawsuit that blew up plans…
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