Thursday, February 28, 2013

Bitcoin value reaches new all-time high against the dollar, continuing upward trend

Bitcoins (Casascius)

The Bitcoin digital currency hit an all-time high Wednesday, as its US dollar exchange rate climbed past $32 for the first time ever. According to Bitcoin Magazine , that eclipses the currency's previous high of $31.9099, reached in June 2011.


This week's milestone, while notable, doesn't come as a major surprise. After bottoming out at under $2 in 2011, Bitcon's value has steadily risen over the past several months, as the anonymous currency has entered new markets. Last year, a French bank received clearance to operate as a Bitcoin exchange, shortly after total circulation of the currency hit 10.5 million. Sites like Reddit, Wordpress.com, and Kim Doctcom's forthcoming Mega service have all adopted Bitcoin payments, as well.


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via The Verge - All Posts http://www.theverge.com/2013/2/28/4039042/bitcoin-value-reaches-new-high-against-us-dollar

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