Bitcoin Prices Surge 26% in November, Pass $8000 (bloomberg.com)

Bitcoin's value has increased more than 26% in less than three weeks, writes Bloomberg. An anonymous reader quotes their report: Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month. Bitcoin rose 4.8 percent to $8,071.05 as of 7:17 a.m. Sydney time on Monday. It's now up more than 700 percent this year after shrugging off a tumble of as much as 29 percent earlier this month. It's been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25 percent in value all giving way to subsequent rallies.

Comments

Re:Queue the bitter "Bitcoin is a bubble/scam" pos

[Entrope]

Tulip bulbs are where the money will be at over the next 12 months.

Re:This makes no sense

[Anonymous Coward]

“The market can stay irrational longer than you can stay solvent.” -- JM Keynes