Faisal KhanAnswered Jul 11, 2014Riley Patterson puts it well. Other than the Senate hearings which went mostly okay to positive, there was a statement issued by the Federal Reserve Chairman Ben Bernanke’s letter to Congress: Bitcoin and other virtual currencies “may hold long-term promise” (Source: Ben Bernanke’s letter to Congress: Bitcoin and other virtual currencies “may hold long-term promise”)
This seemingly interesting piece of good news along with speculative buying made it go that high.
It was either all that, or this:
This seemingly interesting piece of good news along with speculative buying made it go that high.
It was either all that, or this: