3 Bitcoin Charts Nobody Is Watching [Bitcoin Price Graph]
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That much was apparent this week, which kicked off with two Senate hearings on virtual currencies. Read a full recap of the first Senate hearing here. Gox, the second-biggest exchange 3 bitcoin charts nobody is watching volume. And 3 bitcoin charts nobody is watching combination of price action and media coverage of the Senate hearings helped 3 bitcoin charts nobody is watching to a spike in Google searches for bitcoin on Tuesday.
The chart below shows the surge in searches for the word bitcoin over the last month on Google. The values represent search interest relative to the highest level on the chart, which was Tuesday in this one-month period.
On Thursday, a university in Cyprus said it would accept tuition payments in bitcoinas well as offer a degree in digital currency. Bitcoin has no central bank; the virtual currency is created when a computer solves a cryptographic problem in a process known as mining. As more computers attempt to solve the problems, they become more difficult. As interest in the virtual currency increased, so did its 3 bitcoin charts nobody is watching.
Gox, according to bitcoincharts. It gained momentum in March during the Cyprus crisiswhen investors fearful of getting their deposits taxed viewed it as a store of value independent of central banks.
Bitcoins are created by mining and the supply is capped at 21 million. Bitcoin has been referred to as gold 2. And one bitcoin enthusiast recently referred to the shiny metal as analog bitcoin. The chart below plots search interest in gold and bitcoin. While search interest in bitcoin spiked on Google, interest in gold seemed to edge down. Drawing on our reporters, analysts and commentators around the world, as well as selecting the best of the rest online, The Tell is all about the pulse of the markets through news, insight and strategic information to help you make the best investing decisions.
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