Other Exchanges Follow Mt. Gox in Creeping Past $200USD
Insert colorful GIF of Ron Paul with the "It's happening!" text overlay. The price of Bitcoin is creeping past the $200USD mark at exchanges like Bitstamp and Bitfinex. It's still lagging behind at BTC-E and CampBX, but if the climb continues, we may soon see these exchanges also pass $200USD soon. Meanwhile at Coinbase, the buy price is about $204.25 (as of this writing). Let's see where this goes.
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Courtesy: bitcoincharts.com. For the first time in months, the price of Bitcoin has climbed past the $200 mark at one of the leading Bitcoin exchanges, Mt. Gox. The surge, which is hovering in the $200USD-area as of this writing seemingly comes as a result of Chinese demand for the virtual currency. The demand, which many think was sparked by Chinese search engine Baidu's recent announcement that they'll be accepting Bitcoin payments has brought the price of Bitcoin up to about 1250CNY. How long the rally will last is anyone's guess, however. Discussions online have many thinking the price....
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Following the dip in price of Bitcoin last week, it would appear as if the cryptocurrency is once again making its way back up, passing $200USD today on Mt. Gox. There's no way of telling if the upward path with continue, but if one thing's certain, we should definitely see more movement on Monday and Tuesday, continuing into the week. Obviously, I'll do my best to keep on top of this as the week progresses.
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