Bitcoin is Closing in on its 2016 Peak

By Timothy Sohn Oct 31, 2016 8:31 PM EST

(Quartz) – In a year of monster hackers, the rise of new cryptocurrencies, and its own unresolved “civil war” over how to enlarge its transaction capacity, bitcoin has not only survived, but thrived. The price of bitcoin has risen by 19 percent this month to a high of $718, putting it within touching distance of its 2016 peak.

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