[2015-11-04] ET: Bitcoin soars 25%, above $500 for first time since August 2014

[polynesia]

Bitcoin soars 25%, above $500 for first time since August 2014

http://economictimes.indiatimes.com/news/international/business/bitcoin-soars-25-above-500-for-first-time-since-august-2014/articleshow/49661860.cms

Bitcoin soared over 25 percent on Wednesday to hit $500 for the first time since August last year, with demand from China cited as behind the surge in the web-based "cryptocurrency".

Bitcoin has been on a tear since dipping below $198 on the Bitstamp exchange in the wake of the devaluation of China's yuan in late August, gaining over 150 percent in the following ten weeks to hit $502 on Wednesday.

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[zencomp]

Bitcoin soars 25%, above $500 for first time since August 2014

http://economictimes.indiatimes.com/news/international/business/bitcoin-soars-25-above-500-for-first-time-since-august-2014/articleshow/49661860.cms

Bitcoin soared over 25 percent on Wednesday to hit $500 for the first time since August last year, with demand from China cited as behind the surge in the web-based "cryptocurrency".

Bitcoin has been on a tear since dipping below $198 on the Bitstamp exchange in the wake of the devaluation of China's yuan in late August, gaining over 150 percent in the following ten weeks to hit $502 on Wednesday.

ya after the market started to boom , this news came and how fast it hit $502 the same way it is getting started to go down, right now the price is $367, dont know whether the china big players started to play with bitcoin or is their some thing bad news going to come.