The largest GBP/BTC exchange Intersango at highest price ever

[matthewh3]

Over 90,000BTC traded in the last thirty days.



The growth to this spike is a lot more gradual than the January spike so maybe the bubble won't burst.  Where will it be in thirty days >£5 it's looking.  People reckon the block reward drop will send the price skywards and it's getting nearer and nearer.  Looks like it could easily be ~£7 by the new year.

[lenny_]

Intersango GBP price always follows MtGox USD, as every other currency. In case of any difference, users will buy/sell to make it back to normal.

[matthewh3]

Intersango GBP price always follows MtGox USD, as every other currency. In case of any difference, users will buy/sell to make it back to normal.

No I don't think every other exchange follows MtGox USD any more.  I think MtGox USD is now following trends and not just setting them.  MtGox market share is down.  GBP market share of currency's is down even tho it's volume is up.

[pintycar]

It's not even true this is the highest price ever. I bought 196 coins in January at an average of 5.0 GBP/BTC. And yes, I do think everyone keeps an eye on the "official price" and then buys or sells accordingly if there is any arbitrage opportunities.