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.

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

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.