[2016-06-25] A rare Brexit winner, Bitcoin jumps with yen

[shane]

Bitcoin was one of the few winners out of the U.K.'s vote to leave the European Union, surging as much as 13 percent as the decision fueled demand for alternative assets.

The digital currency jumped 11 percent to $681.68 as of 1:45 p.m. Hong Kong time, according to data compiled by Bloomberg. The price had plunged 20 percent in the four days through Wednesday as bookmakers' odds projected victory for the campaign to keep Britain in the EU, and ether, another cryptocurrency, declined after a reported hack.

Bitcoin rallied along with gold and the yen as the referendum result took markets by surprise, sinking equities to emerging-market currencies.


http://www.sltrib.com/home/4046326-155/a-rare-brexit-winner-bitcoin-jumps

[hgamezoom]

Bitcoin was one of the few winners out of the U.K.'s vote to leave the European Union, surging as much as 13 percent as the decision fueled demand for alternative assets.

The digital currency jumped 11 percent to $681.68 as of 1:45 p.m. Hong Kong time, according to data compiled by Bloomberg. The price had plunged 20 percent in the four days through Wednesday as bookmakers' odds projected victory for the campaign to keep Britain in the EU, and ether, another cryptocurrency, declined after a reported hack.

Bitcoin rallied along with gold and the yen as the referendum result took markets by surprise, sinking equities to emerging-market currencies.


http://www.sltrib.com/home/4046326-155/a-rare-brexit-winner-bitcoin-jumps

With all these swings as of late some people must be sure making a lot off of smart trading with Bitcoin. Not to mention there's also the halvening soon which will surely cause some price disruption.

[aso118]

I thought a bounceback was on the way, since Bitcoin had dropped from $750+ to $600s.
It may be tough to deduce causation, but the brexit could have been one of the reasons for Bitcoin's recovery.