29 Nov '13, 6pm

Bitcoin Now Tops $1,200 via @WSJ

Bitcoin Now Tops $1,200 via @WSJ

While you were eating turkey Thursday, the price of a bitcoin continued to skyrocket. Bitcoin hit a new record Friday of $1,242, after topping $1,000 for the first time ever Wednesday, according to Mt. Gox, one of the primary exchanges tracking trading in the cybercurrency. The pre/post Thanksgiving price jump: 24% jump. Of course, as the WSJ reported earted earlier this week , the price of one bitcoin can vary from one exchange to another. On Wednesday, for example, Tokyo-based Mt. Gox showed a price of $1,061, Slovenia-based Bitstamp showed a price of $965 and The CoinDesk index had a price of roughly $950. Still, the upward trajectory for the four year old cybercurrency is staggering and continues to provoke more talk of a bubble. Bitcoin was valued at just 4 cents in early 2010. With one bitcoin selling for $1,242, the virtual currency briefly topped the price of gold,...

Full article: http://blogs.wsj.com/moneybeat/2013/11/29/bitcoin-now-top...

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