The price of bitcoins surpassed $ 600 on Monday as the Internet-based currency's value jumped 60-fold over a year ago.
Mt. Gox, a key bitcoin trading exchange, pegged bitcoin's price at $ 599 Monday morning (ET), though it had risen above $ 600 earlier in the morning, according to CoinDesk. BTC, the world's largest bitcoin exchange by volume, showed a price of $ 640 early Monday as wellPreev, however, had bitcoins at closer to $ 500 Monday morning
The rally comes as the U.S. Senate Committee on Homeland Security and Governmental Affairs plans a hearing on Monday to take a closer look at the virtual currency. Bitcoins experienced a similar surge in interest in April, when it topped $ 200 for the first time Read more...
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