Price of Bitcoin Surges Significantly Past $550 This Weekend
Following your charts? You probably ought to be. Something spectacular is happing with the price of bitcoin this fine Memorial Day weekend. Already, social media is plastered with excitement and "to the moon" references as the price has surged past $550 in the wee hours of the morning (at least here in the United States). At the time of this writing, we're observing a price of $570 at the Bitstamp exchange, with a peak of $586 earlier this morning. That brings the price up to approximately eight percent in the past twenty-four hours. But keep your eyes glued to the screen, because things....
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It was probably bound to happen, but if you've got your eyes on the charts this morning, you may have noticed that the price of bitcoin at the Mt. Gox exchange has once again surpassed $1,000 - a bit over a week since the last time this happened. At the time of this writing, the bitcoin price at the Japan-based exchange is sitting at $1,013. Meanwhile at Bitstamp, the price per bitcoin is significantly less at $829. That's a different of about $184 - significantly higher than what we're normally used to seeing. Anyone can speculate what the reason for the price increase could be, but it....
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