Bitcoin prices have rebounded from a massive selloff earlier in the week as investors sought succor in digital currencies after global stocks plunged in the wake of the U.K.’s vote to leave the European Union.
The price of a single coin gained more than $100, rising from its Thursday low of $558 to a high of $679 Friday morning, according to cryptocurrency market data provider CryptoCompare.
Read: Brexit shocker torpedoes U.S. stocks
Volatile bitcoin prices once kept many investors at bay. But in recent months, more of them have come to view the digital currency as a haven during bouts of instability in global markets, said CryptoCompare CEO Charles Hayter. So far this year, bitcoin has traded in tandem with gold, one of the most popular haven assets.