Bitcoin jumps to $680 as Brexit opinion upends stocks

Bitcoin Watch Shop

Bitcoin prices have rebounded from a large selloff progressing in a week as investors sought help in digital currencies after tellurian bonds plunged in a arise of a U.K.’s opinion to leave a European Union.

The cost of a singular silver gained some-more than $100, rising from a Thursday low of $558 to a high of $679 Friday morning, according to cryptocurrency marketplace information provider CryptoCompare.

Read: Brexit shocker torpedoes U.S. bonds

Volatile bitcoin prices once kept many investors during bay. But in new months, some-more of them have come to perspective a digital banking as a breakwater during bouts of instability in tellurian markets, pronounced CryptoCompare CEO Charles Hayter. So distant this year, bitcoin has traded in tandem with gold, one of a many renouned breakwater assets.