02 Nov '12, 10pm

Summary - Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012 #bitcoin

Bitcoin Money blog (@BitcoinMoney ) gives a monthly wrapup on Bitcoin for the month of October, 2012. Excerpts: “The closing price of $11.20 USD was down more than a dollar from the previous month’s close resulting in a nearly 10% drop for the month. For 2012, where the price opened at a $4.72 level, the price rise from January 1st is now at the level of 137%.” - “What might be surprising is that the month ended down just 10% after the disaster that October 2012 essentially was for the Bitcoin ecosystem as a whole.” - “A promise of relief arrived with the announcement of Bitcoin-Central’s BTC/GBP market. Further relief arrived with Blockchain.info/wallet’s Instant Online Bank Transfer which is now available in the UK and elsewhere in the EU.” - “Emerging during the darkest part of the shutdown storm was Coinbase’s launch of its BTC/USD exchange. This allows a Coinbase user...

Full article: http://www.bitcoinnews.com/post/34857759641/october-2012-...

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Bitcoin Ends October Down Nearly 10%, Still Up 137% YTD 2012: #Bitcoin

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