Few technologies have the ability to stir passionate online debate and baffle the vast majority of the population as bitcoin. The virtual currency has rocketed up in recent days following a steady decline, and one Bitcoin is now worth more than $7,600 after a price spike.
It has surged by more than $1,000 in trading, creating waves as buyers consider whether the price decline of the crypto-currency may now be turning.
Why the price has suddenly jumped in the last few day is unclear.
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