Quantcast
Channel: Weirder WebWeirder Web | Tag Archive | Bitcoin
Viewing all articles
Browse latest Browse all 7

The post–Silk Road Bitcoin crash is over

$
0
0

When the Deep Web black market Silk Road was seized by the FBI last week, the Bitcoin community braced for impact. The difficult-to-trace digital currency was perceived to be most popular on the underground drug emporium, so many users feared a crash was coming.

They were right—but as quickly as the crash came, it’s now gone. When Silk Road fell, Bitcoins cost $132, according to BitcoinAverage. They rapidly fell to $113 as news spread. The recovery was almost as rapid: Two days after the arrest, the price was back up to $129.

Today, Bitcoins cost an average of $134 across 10 of the biggest digital currency exchanges.

Read more at the Daily Dot, just do it already.


Viewing all articles
Browse latest Browse all 7

Trending Articles