OpenRuby.com

01 Aug '12, 10am

Summary - Bitcoin Ends July Up 39%, YTD 2012 Now Up 98% #bitcoin

Summary - Bitcoin Ends July Up 39%, YTD 2012 Now Up 98% Bitcoin Money blog (@BitcoinMoney ) gives a monthly wrapup on Bitcoin for the month of July, 2012. Excerpts: “The July BTC/USD closing price of $9.35 means a bitcoin cost two and a half dollars more than when 2Q2012 ended.” - “For 2012, where the price opened at a $4.72 level, the price rise from January 1st now exceeds 98%.” - “The 238,650 bitcoins issued which Bitcoin miners took in during the month is valued at $1.93 million using the average daily valuation for the month of $8.12. Along with the rising exchange rate, mining profitability has been rising as well.” - “The trading volume at the exchanges with customers from Europe continued at a record pace in July.” - “Once bitcoins are acquired, financial transactions no longer need to go through the banking system.This property has now been discovered by high yiel...

Full article: http://www.bitcoinnews.com/post/28474165880/july-2012-res...

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