Bitcoin Surges To New USD Record High (+100% In 7 Days)

Tyler Durden's picture

A week after spiking above $900, before dropping 50% in the following 48 hours amid last week's Senate hearings, Bitcoin has recovered the losses (i.e. doubled) and is now trading at record high levels against the USD - $930 on Mt.Gox. Notably, in China, Bitcoin remains well off its record highs (5200 vs 6989 highs).

 

(Chart:bitcoinwisdom.com)

 

As Mike Krieger asks, is Bitcoin the Black Swan no one saw coming?