A week after spiking above $900, before dropping 50% in the following 48 hours amid last week’s Senate hearings, Bitcoin has recovered the losses (i.e. doubled) and is now trading at record high levels against the USD – $930on Mt.Gox. Notably, in China, Bitcoin remains well off its record highs (5200 vs 6989 highs).
As Mike Krieger asks, is Bitcoin the Black Swan no one saw coming?
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/yOifY7yKxB0/story01.htm Tyler Durden