British bitcoin market sent extraordinary signals ahead of the Brexit vote

The price of the digital currency bitcoin rose 6.5% in the 24 hours directly after Britain voted to leave the European Union. And while the coin had already been on a ride over the two weeks before the vote (it’s up 25% in the last month), for a number of factors besides the Brexit, it is likely that uncertainty over the situation stoked interest in the cryptocurrency, which is seen as an investment asset uncorrelated to the broader economy.

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.Bitcoin price over the past month from Winkdex, including Coinbase data. Note the spike after the Brexit vote, but also the much larger spike well bef...

Bitcoin price over the past month from Winkdex, including Coinbase data. Note the spike after the Brexit vote, …

New data from Coinbase, which offers the leading bitcoin wallet and a popular

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