"Bitcoin, the world's most popular digital currency, has been on a roll — but no one is really sure why.
After dipping well below $200 in January, bitcoin traded at more than $410 Tuesday afternoon before cutting some of those gains, according to the CoinDesk Bitcoin Price Index. That's about 25 percent higher than the same time last year but well below the historical high of about $1,150.
This upswing, which began about a month ago when bitcoin traded below $240, comes on the heels of a steady stream of good news for the digital asset and its associated ecosystem. But even with recent favorable regulatory rulings, press coverage and business investments, experts in the space are struggling to explain the one-month jump of more than 70 percent..."
Read a story recently, that a guy at the start of bitcoin made a tip and gave them like $10 Million worth of bitcoin at it's peak. Uh must have felt soooo bad.
that is a very high jump in just a blink of an eye. they are so damn unpredictable. they were constant for a very long time until I started losing hope in them but the moment I decide to use them, they scale up. With the few bitcoins that I have, IO believe that before the end of this year they shall hit above the historical benchmark. wow! what a nice way to start the year 2016
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