Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
It’s hard to believe that in the last 24 hours alone, the price of bitcoin has risen from a low of $397 (at Bitstamp) to a high of $475.
That’s over 12 percent increase today alone. Pretty incredible if you as me.
As you’re already aware, I’m not a fan of speculation, so I won’t even try and attempt to make up explanations for this rise. I simply do not know with certainty.
What I do know is that the price was down for a few days for a number of reasons, chief of which includes the ever-confusing bitcoin landscape in China. Is it banned? Is it not? Does it even matter?
Also, Neo & Bee, a once-shining beacon of what a bitcoin business could be turned out to be, well, nothing. The boss is missing, too, and the police are after him.
If you’re looking for a price example of bitcoin’s volatility, this is it (I could think up a number of other examples, too, as I’m sure you can. Remember last year?).
I don’t think anyone’s complaining with the direction it’s moving in, though.
Sound off: what do you attribute the price climb to?
Jsizzler 
btc-e exchange back up, rumours of hack weren’t true.