Bitcoin Continues Winning - Up 8% in Aug, YTD 2012 Now Up 115%Submitted by haze on Mon, 09/03/2012 - 08:16
A monthly report about Bitcoin and about noticeable developments around it's ecosystem:
August 2012 became the sixth month in a row that the BTC/USD exchange rate ended higher than the level it was at when the month had begun. It has been quite a rally. Since November 2011, where the closing price was $2.75, every month except one has resulted in a net gain.
August’s closing price of $10.16 is an 8% gain over July’s close and means that so far this quarter (Q3 2012) there has been a 51% gain. For 2012, where the price opened at a $4.72 level, the price rise from January 1st now exceeds an eye-popping 115%.