Looking for a Gainer Amid the Sea of Red? Bitcoin Jumps With Yen
- Traders seek assets not exposed to central banks: Swissquote
- Bitcoin has been tracking odds of Brexit along with havens
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Bitcoin was one of the few winners out of the U.K.’s vote to leave the European Union, surging as much as 13 percent as the decision fueled demand for alternative assets.
The digital currency jumped 11 percent to $681.68 as of 1:45 p.m. Hong Kong time, according to data compiled by Bloomberg. The price had plunged 20 percent in the four days through Wednesday as bookmakers’ odds projected victory for the campaign to keep Britain in the EU, and ether, another cryptocurrency, declined after a reported hack.