Bitcoin surges after Brexit sinks pound

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Bitcoin prices surged Friday after news a United Kingdom would leave a European Union sent investors out of stocks, line and the British pound, that forsaken to a three-decade low.

The cost of a digital banking peaked as high as $680.19 from a $625.50 late Thursday and recently traded adult 5% during $656.83, according to CoinDesk.

The benefit follows a violent dual weeks for a currency, that is “mined” by elucidate difficult mechanism problems. Bitcoin fans contend a digital banking trumps traditional resources since of a confidence — a singular codes that exist for each bitcoin transaction.

Prices strike a two-year high final week, afterwards pacifist 21% progressing this week.

The latest gains can be chalked adult to a moody to choice currencies after U.K. electorate repelled tellurian markets by selecting to leave the

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