Bitcoin Price Spikes to $650 as Outlook Shifts for ‘Brexit’

“The price of bitcoin is rising at press time, passing the $650 mark just a day after dropping to a weekly low of $550.

Though there were suggestions the volatility could be tied to any number of recent indicators, at press time, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK appears increasingly likely to leave the European Union.

The UK’s ongoing EU membership referendum, in which voters were asked whether the country should stay (‘Bremain’) or leave (‘Brexit’) the European Union, has coincided with the increase in the price of bitcoin from a low of $560 just hours prior to a press time high of $655.63.”

Full Article From Coindesk