27 Nov '13, 3pm

Bitcoin Crosses the $1,000 Mark On The Mt.Gox Exchange

Bitcoin Crosses the $1,000 Mark On The Mt.Gox Exchange

Nothing like a little bit of speculation gone wild to kick off the holiday spending season. Bitcoin just traded past the $1,000 per coin mark on Mt.Gox , one of its largest exchanges - as we write this, it's at $1,022, with a high of $1,030 a few moments ago. The currency has been on a massive run the past several days, shooting up hundreds of dollars per unit, prompting complaints that its value is overheated, leaving its price unmoored from any sort of inherent utility. Well, yes, but it's still fun to watch. Here's the chart that shows how the price has been creeping up: The market capitalization of the Bitcoin market is far above the potential stored functional use of the currency in even the medium-term, implying to me that it is overvalued. Do what you will, just be careful. Top Image Credit: Flickr

Full article: http://techcrunch.com/2013/11/27/bitcoin-crosses-the-1000...

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Bitcoin currency breaks $1,000 mark

bbc.co.uk 27 Nov '13, 3pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Bitcoin currency breaks $1,000 mark

bbc.co.uk 27 Nov '13, 3pm

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be be...

BITCOIN $1000

BITCOIN $1000

businessinsider.com 27 Nov '13, 3pm

Demand has surged this month as demand from China picked up , and the digital currency received coverage as it underwent t...

Bitcoin Tops $1,000 for the First Time

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mashable.com 27 Nov '13, 3pm

The price of bitcoins topped $1,000 Wednesday on Mt. Gox, the second largest exchange by volume, marking the first time it...

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thenextweb.com 27 Nov '13, 3pm

Bitcoin hit a new milestone today, passing the $1,000 mark for the first time. The virtual currency is currently trading a...

Bitcoin tops $1,000 for the first time ever.

wired.com 27 Nov '13, 4pm

The value of a bitcoin has topped $1,000, a mere 11 months after the fledgling digital currency was worth little more than...

Bitcoin prices top $1,000 via @CNNMoney

money.cnn.com 27 Nov '13, 3pm

Bitcoin has been on a spectacular run this year, soaring to new highs even though some thought the Bitcoin bubble burst in...

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cnbc.com 27 Nov '13, 3pm

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wired.com 27 Nov '13, 4pm

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techcrunch.com 28 Nov '13, 8pm

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Bitcoin hits $1,000 for the first time

Bitcoin hits $1,000 for the first time

theverge.com 27 Nov '13, 3pm

The virtual currency Bitcoin, a decentralized form of money that approximates cash on the internet, has never been worth m...

DETAILS: #Bitcoin marking growth of some 4000% this year, passes $1000 today

DETAILS: #Bitcoin marking growth of some 4000% ...

rt.com 27 Nov '13, 3pm

Bitcoin value passes $1,000 for first time ever Published time: November 27, 2013 15:09 Edited time: November 27, 2013 16:...

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venturebeat.com 27 Nov '13, 9pm

Dec. 4 - 5, 2013 Redwood City, CA Tickets on Sale Now The value of a single Bitcoin surpassed $1,000 on popular Bitcoin ex...

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wired.com 29 Nov '13, 12pm

The value of a bitcoin has topped $1,000, a mere 11 months after the fledgling digital currency was worth little more than...