07 Feb '13, 11am

Bitcoin Ends January Up 51%, Largest Monthly Increase Since...

Bitcoin Ends January Up 51%, Largest Monthly Increase Since 2011 For the month of January, 2013 the closing price of $20.41 USD was up nearly seven dollars from the 2012 year-end close resulting in more than a 51% increase for the month — Bitcoin’s largest monthly gain since December 2011. The one-year gain, calculated from the January 2012 close of $5.48 is whopping 272% and is illustrated in this chart of month-end closing prices: January was a good month for other assets including stocks, the precious metal silver, and WTI crude. However not only did Bitcoin trounce them for January 2013, it dominated over them throughout much of 2012 as well: To help further illustrate the dramatic rise, charted is how much of an ounce of silver is needed to buy a bitcoin, beginning fourteen months ago (underlying data ). Mining The 111,100 bitcoins issued which Bitcoin miners took in ...

Full article: http://bitcoins.tumblr.com/post/42446226931/bitcoin-ends-...

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