Bitcoin Values Surge Upon Brexit News


As news of Britain’s departure from the European Union shakes world politically and economically, the value of Bitcoin is surging.


Although traditional currency markets worldwide are tanking, Bitcoin values jumped from $550 to $650 overnight.

Stocks around the world initially tumbled upon the news that Brexit had passed. Europe was the most heavily affected, with stocks in Frankfurt and Paris falling 2 percent. Spain and Italy witnessed the steepest one-day declines in history.

In the U.S., the Dow Jones had a 535-point drop as the opening bell rang – roughly $420 billion in stock value. That number had improved slightly by mid-morning.

Bitcoin values are bound to fluctuate wildly during this volatile time, as Britain’s Prime Minister David Cameron resigns and additional countries prepare to vote on leaving the EU.