Bitcoin up $1,000 after truce

As I wrote earlier this week, the bitcoin truce put a floor on the price of the cryptocurrency.

On Sunday, July 16th bitcoin traded at $1,860 just prior to the public acknowledgement that the two factions (the miners and the programmers that maintain the blockchain) had come to an understanding on the immediate future of bitcoin.

Saturday morning the price has soared to $2,850, that’s a $990 round trip in six days.

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One thought on “Bitcoin up $1,000 after truce

  1. Pingback: Bitcoin replacing gold as the perfect dollar hedge | Gray's Economy

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