Bitcoin goes boom (again): currency cracks $200, gets Coinbase support on Reddit

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:

Screen Shot 2013-10-22 at 5.25.39 PM

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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