Bitcoin Surges, Emerging From a Lull in Interest
By NATHANIEL POPPER – NY Times
NOV. 4, 2015
After a long period of quiet, the price of the virtual currency Bitcoin is surging again as signs of interest from China and Wall Street have helped kick off a new speculative frenzy.
The price of a single Bitcoin has been steadily rising in recent weeks. On Wednesday, it spiked particularly sharply, rising above $500 on some exchanges, and bringing the value of a single coin up over 100 percent from a month ago. By the end of Wednesday, the price had fallen back closer to $400.
The recent rally has been the biggest since the online currency entered a sustained decline after the collapse of what was once the biggest Bitcoin exchange, Mt. Gox, in early 2014. That incident — and the use of Bitcoin for drug sales — led many people to write off the virtual money as a passing fad.
Full article:
http://www.nytimes.com/2015/11/05/business/dealbook/value-of-bitcoin-surges-emerging-from-a-lull-in-interest.html?_r=0
