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indices reporting the average price. SPX, -1.90 and.6 gain for the Dow Jones Industrial Average. DXY,.64 as the monetary representation of the biggest economy in the world, is also the reserve currency of choice for many foreign governments. Nevertheless, this event shone a light on Bitcoins unique value as censorship resistant electronic money.

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Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges. Finally, the media controversy over darknet markets has likely brought Bitcoin to the attention of many who otherwise wouldnt have encountered. At that time, Bitcoins all-time high above 1000 was partly driven by an automated trading algorithms, or bots, running on the. In mid-Novermber 2015, btcusd hit 2200 on Gemini while trading around 330 on other exchanges. Meanwhile, the value of all the cryptocurrencies in existence, such as Litecoin and Monero, checks in at 100 billion, slightly ahead of Bill Gates. The price of a single bitcoin is up about 165 thus far this year (though down 15 from a record high above 3,000 hit earlier this month). Its highest price for the year was just.39!

The same holds true for any major holder. As reported at the time, Chinese savers turned to Bitcoin to protect their accumulated wealth. That Bitcoins price is rising despite such high inflation (and that it rose in the past when the reward was 50 BTC!) indicates extremely strong demand. The current value of all the bitcoin. Probably the first such instance was the late 2010 WikiLeaks banking blockade, whereby visa, MasterCard, Western Union and PayPal ceased processing donations to WikiLeaks.