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?
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/yOifY7yKxB0/story01.htm Tyler Durden