We’ve been in a pre-Christmas slump when it comes to the price of bitcoin, but things are seemingly looking up. Literally.
This Thursday morning, the current bitcoin price is $765 USD at Mt. Gox and $726 USD at Bitstamp, up about 10% in the past twenty-four hours. It’s a good sign, but like many other things in the bitcoinosphere, subject to change drastically.
General speculation is that as the holidays approach, many sell off some of their assets (i.e. bitcoin, stock, etc.) to help fund Christmas. But now that’s over, and an influx of new money is and will continue to hit the exchanges.
We’ll keep watching out. What are your thoughts?