Bitcoin Breaks $200 in Second Highest Historical Price Peak
The price of Bitcoin starting soaring over the weekend thanks to activity in China and the fall of Silk Road. The rally has continued and the value of 1 Bitcoin has now broken $200.
This is the second highest peak in the history of the cryptocurrency. The last peak was in April when Bitcoin hit $266.
Is today’s price a new bubble? Check out our coverage from April on that historic climb.
Read: Did the Bitcoin Bubble Burst Already? (April 12, 2013)
The last time Bitcoin reached a peak and crashed was due in large part to DDoS attacks on the exchange Mt.Gox. This time around, while Mt.Gox is still a major player, events at the exchange have much less effect on the overall Bitcoin economy.
What are your thoughts on this price rally? Will it keep going or correct itself?
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