Bitcoin Price Back Above $600 for First Time since Bitfinex Hack
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Bitcoin Price Back Above $600 for First Time since Bitfinex Hack
If you were among those concerned that the major hack of Hong Kong based cryptocurrency exchange Bitfinex would be fatal for Bitcoin you can breath a little lighter today – the USD/BTC exchange rate is back above $600. The only apparent reason for the rise is a push from speculators expecting devaluation of Chinese yuan.
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Before about $65 million in Bitcoin were revealed to be stolen from Bitfinex, prices hovered around $640, so there is still ground for the exchange rate to recover. However, the $600 benchmark is a strong ... (read more)
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