Bitcoin Price Watch: Currency Rises to $8,600

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Bitcoin is now trading at the $8,600 mark. This is roughly $200 higher than where it stood yesterday afternoon. Could the price be recovering following Mt. Gox’s latest sell-off? Early this week, bitcoin was marred by two major actions. The first stemmed from South Korea, one of the largest bitcoin trading hubs in the world. Financial authorities raided popular cryptocurrency exchange Upbit after executives were alleged to have been illicitly moving customer funds to their own personal accounts. At press time, no additional information has been released on this story, and The Merkle will continue to provide coverage as it

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