Bitcoin surges past $650 as Brexit result sends UK Pound tumbling to 30-year low | #Blockchain | 21st Century Learning and Teaching | Scoop.it
From techcrunch.com - June 24, 2016 6:08 PM
The global finance markets are slipping on Friday after the UK public voted to leave the EU, but there is one currency that is reveling in the uncertainty of the Brexit result: bitcoin.

The cryptocurrency is notoriously difficult to predict. Its price against the U.S. Dollar rose as high as $1,000 in 2013 and, while it has stabilized somewhat since that landmark valuation, it hit a two-and-a-half year high of nearly $775 on June 17 before cratering nearly 25 percent over the next week.

That drop was thought by some be related to the British referendum on continued EU membership, but once the result was clear — with multiple media calling it a win for the Leave campaign — bitcoin grew legs and jumped past $650 just one day after it was at $550, according to data from Coindesk.

 

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