Bitcoin surges to all-time high of $900, then drops below $650 in 30 minutes

 The Department of Justice has noted that Bitcoins can be used as a “legal means of exchange,” and in doing so has caused the digital currency’s value to skyrocket to all-time high of $900.

It’s Bitcoin-madness today. On the same day the U.S. government began discussions about Bitcoin, the value of the digital currency is skyrocketing. Bitcoin’s value hit $900 on Mt. Gox exchange around 5 p.m. PST Monday, up more than 70 percent from Sunday’s close and setting an all-time high in the process. But, it also just dropped to $650 within the past 30 minutes, highlighting the current volatility of Bitcoin. The value of Bitcoin only hit $400 for the first time last week, and $500 for the first time on Sunday.

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Written by Jesseb Shiloh

Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

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