22 Oct '13, 5pm

Bitcoin has climbed 52% in the past 10 days. What's behind it? by @mcarney

Bitcoin has climbed 52% in the past 10 days. What's behind it? by @mcarney

Share on Facebook Share on Twitter Share on LinkedIn Share on Google+ Bitcoin’s wild ride: Baidu and Congressional shenanigans send the crypto-currency through the roof By Michael Carney On October 22, 2013 The air is getting thin in the bitcoin market as the crypto-currency has climbed nearly 52 percent in value over the last 10 days , currently trading around $204. The period has seen a tangled web of good, bad, and uncertain news, including the shuttering of its largest commerce channel, an endorsement by a global technology powerhouse, and unpredictability in the global macroeconomic environment. So what’s behind the spike? And where might we expect the market to go from here? It’s been just three weeks since the FBI seized the virtual black market Silk Road, subsequently blocking one of the largest and most notorious channels for bitcoin commerce. Early in its existen...

Full article: http://pandodaily.com/2013/10/22/bitcions-wild-ride-baidu...

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