Investing.com -
Investing.com - Bitcoin prices swung between small gains and losses on Wednesday, amid reports that a single bidder claimed all of the roughly 30,000 bitcoins seized from the infamous online black market Silk Road auctioned by the U.S. Marshals Service late last week.
Bitcoin (BTC/USD) rose 0.5%, or $3.21, on Slovenia-based BitStamp to trade at $646.39 during U.S. morning hours. Prices held in a range between $638.00 and $658.88.
The price of a Bitcoin on Bulgaria-based BTC-e dipped 0.02%, or 10 cents, to trade at $635.90.
According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency tacked on 1.02% to trade at $642.08.
The U.S. Marshals Service announced earlier that a single, undisclosed bidder claimed all of the roughly 30,000 bitcoins sold in its recent auction. The cache is valued at more than $19 million.
The auction, which ran for 12 hours on June 27, attracted 45 bidders, with 63 bids submitted.
Bitcoin is digital cash and is not backed by a government or central bank to regulate or issue it. It can be used to purchase goods and services from stores and online retailers.
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!
July 02, 2014 at 07:49AM
Latest Bitcoin News | BTC/LTC Robot | Mining ASICS | BTC Debit Card
