19 Apr '13, 12pm

Bitcoin bubble re-inflates

Bitcoin prices continue their roller coaster ride. NEW YORK (CNNMoney) BItcoin prices are back in rally mode, just one week after it looked like the bubble had started to burst. Early Friday, Bitcoin prices traded as high as $136.43 before pulling back to $119.36. That's more than double this week's low of $50. Trading volume doubled in just two hours. The price of the virtual currency, which was created by an anonymous hacker just four years ago, has increased almost 20-fold this year. It gained particular attention in the wake of a mini-bank run in Cyprus , which had raised concerns about the health of government-backed paper currencies like the euro and the U.S. dollar. As traders and investors jumped on the bandwagon, prices spiked to $266. The rush of activity led Mt. Gox, a Japan-based exchange that claims to handle 80% of Bitcoin trade worldwide, to halt trading. Pr...

Full article: http://money.cnn.com/2013/04/19/investing/bitcoin-prices-...

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Bitcoin bubble re-inflates

money.cnn.com 19 Apr '13, 12pm

Bitcoin prices continue their roller coaster ride. NEW YORK (CNNMoney) Bitcoin prices are back in rally mode, just one wee...

Bitcoin bubble re-inflates

money.cnn.com 19 Apr '13, 12pm

Bitcoin prices continue their roller coaster ride. NEW YORK (CNNMoney) Bitcoin prices are back in rally mode, just one wee...

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