The value of a single bitcoin rose above $200 again on Jan. 15, one day after falling below that mark. Bitcoin had fallen below $250 earlier this week for the first time since the Silk Road was shut down in October 2013. Bitcoin's value steadily declined throughout 2014 after reaching a high of around $650 in June of that year.
Bitcoin rapidly increased in value in the final months of 2013, going from around $100 in October 2013 to more than $1,200 in November 2013. The value of a single bitcoin briefly surpassed the value of gold on Nov. 29, 2013, reaching $1,242 compared to a single ounce of gold's $1,241.98.
Coinbase, a bitcoin startup that operates an exchange and wallet services, raised $75 million on Jan. 20. Company CEO Brad Armstrong said its investors, which include the New York Stock Exchange and Spanish bank BBVA, were not intimidated by the recent decline in bitcoin's value.
The Coinbase Blog — Coinbase Raises $75M from DFJ Growth, USAA, NYSE,...