BitcoinBitcoin Price Jumps on Trump VictoryJeff John RobertsThe shocking news of Donald Trump's election victory rattled markets across the world, leading some investors to seek refuge in assets outside of stocks and bonds.The price of gold surged, as it usually does during times of uncertainty, but it wasn't the only asset to benefit.The cryptocurrency bitcoin also jumped to a recent high of $738 overnight, and was trading at around $726 on Wednesday morning according to Coindesk.That represents around a 3% increase from the $708 mark that was yesterday's bitcoin price.The price jump did not, however, extend to other forms of digital money.The prices of Ethereum and Ripple, which are the second and third biggest cryptocurrencies by market cap, are actually down from yesterday, by around 2% and 1% respectively, according to the site Coinmarketcap.The bitcoin price jump comes as validation to those who argue it is a haven at times of market volatility.Here is how various futures markets looked at the time Trump's victory became clear:FuturesS&P: -5%FTSE: -5%DAX: -5%Nikkei: -5%Crude: -3%Peso/USD: -12%Dollar Index: -2%Gold: +4%Bitcoin: +3%Sleep tight...- Charlie Bilello (@charliebilello) November 9, 2016More broadly, bitcoin has enjoyed a long period of relative price stability in the second half of 2016.

This is a far cry from the wild price swings characterized bitcoin since it began trading in 2010.While it has tracked upwards for most of the year, the current price is still far from the $1,200 mark it hit in 2013 during a period of speculative mania.Even as its price has stabilized, bitcoin has been largely out of the news as the financial sector has turned its attention instead to the blockchain, which is the underlying technology for bitcoin and is used to create permanent, indelible transaction records.Meanwhile, gold surged around 4% to $1,316 on Tuesday night as investors digested the surprise election results.A big loser on the evening is the Mexican peso, which fell by double digits on fears that Trump's protectionist platform will hurt trade with Mexico.The jump in the price of Bitcoin over the $900 mark in the last few days of 2016 has been considered a twist that would further push the digital currency, whose market cap is near the $15 bln mark, into the mass markets.DECENT CEO Matej Michalko notes regarding the spike: “This is a major advance in the understanding of Blockchain technologies by the early majority.

Bitcoin is on its way to mass markets.” Breaking the record Bitcoin’s current price of $903 is only a 25 percent increase shy of its all-time high record of $1,127, according to figures from CoinMarketCap.Recent developments show that a record high is just around the corner unless a huge setback pops up., Simon Dixon, this end of year spike will have a lasting effect so long as governments continue to make policies that keep driving users to Bitcoin."This year the Bitcoin price had a slow steady increase in price followed by a large end of year spike,” says Dixon.“Unlike the Bitcoin of past, the increase has been met with increasing volume and use and a real fundamental need as governments all around the world rage a war on cash, engage in cross-border currency wars and continue to support traditional markets with irresponsible fiscal and monetary policies.” A race for cheap Bitcoins According to Dixon, the latest year-end spike has turned Bitcoin into the “dissatisfaction of global monetary policy index.” While the price may correct, governments are effectively subsidizing the growth of Bitcoin by driving more and more users and investors to Bitcoin through policies that put nationalism before its population.

Dixon added that the year has been good for investors and is a sign of what to expect in the coming year.“This year was a race for the cheap Bitcoins by investors.I believe that institutional investors all around the world will drive even more sustainable growth in Bitcoin throughout the year ahead,” he added.“This has been the most sustainable steady growth we have ever seen in Bitcoin with plenty more to come.” Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully.how does litecoin wallet workConfirmation email sent to email address provided.bitcoin graph usdEmail * Password *ethereal ink farm

Sean Gallup / Getty Images The price of Bitcoin, the digital cryptocurrency favored by hackers and privacy buffs, has experienced a steady uptick over the past few weeks, hitting an all-time high of $305 over night.That number shatters the currency’s previous high of $265, which it reached in April 2013 before the bubble burst and its price tumbled back down to $60.bitcoin instant payoutThe conversion tool Preev currently lists Bitcoin’s price at $296.bitcoin nos euaWhy the sudden increase?bitcoin intraday chartsHere are three factors: 1.reddit bitcoin paypalWider mainstream acceptance The cryptocurrency has faced its share of detractors and those who think it’s just a sophisticated way to launder money and purchase illegal drugs.litecoin 1 year chart

But many well-known retail outposts have begun accepting Bitcoin, which will go a long way toward legitimizing it.Besides online vendors like WordPress and Reddit, Thuisbezorgd, a Dutch company that arranges home delivery for a huge chunk of local restaurants, announced on Tuesday that it is now accepting Bitcoin.Various American brick and mortar enterprises have also begun accepting it, like the New York City bar EVR and a New Orleans-based antique shop.bitcoin upload limitGrowth in China Bitcoin has recently seen a huge influx of interest from China, with BTC China, a 2-year-old Bitcoin trading platform, increasing in traffic and becoming the world’s largest Bitcoin exchange.The shuttering of Deep Web drug market Silk Road may have caused the price to temporarily dip, but China’s interest appears to have buffered that decrease.“I thought Silk Road is going to do some damage to the price,” Ugo Egbunike, director of business research at IndexUniverse, told Bloomberg.