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Bitcoin spikes to $650

The price of bitcoin is rising right now, passing the $650 mark just a day after dropping to a weekly low of 550 dollars.

Though there were suggestions the volatility could be tied to any number of recent indicators, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK appears increasingly likely to leave the EU.

The UK’s ongoing EU membership referendum, in which people were asked whether the country should stay or leave the European Union, has coincided with the increase in the price of bitcoin from a low of $560 just hours prior to a press time high of $655.63.

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