Bitcoin just keeps going. The hearings in the US Senate certainly gave credibility to the digital crypto currency. For Bitcoin, the real value in USD is almost irrelevant, but for investors, and those looking to Bitcoin as an alternative, the higher Bitcoin price gives Bitcoin more credibility. From Zero Hedge:
Well that escalated quickly. Having broken above $900 yesterday to new record highs (and a 100% gain in a week), the crypto currency is not looking back now. On what is higher than average volume this morning, Bitcoin just broke above the magic $1000 level for the first time (at $1025). Meanwhile, the BTC China "arb'd" rate is around $950 for those playing at home; and Litecoin has just topped $26 (from $4 a week ago!).
Bitcoin...
Litecoin...
