“The price action around regulation has been fast and furious, and regulatory news is likely to remain a dominant force for the foreseeable future.  Several times already in 2013 we’ve seen the price of bitcoin increase dramatically around the time of major regulatory events. For example, the Bitcoin Price Index increased from $47 to $95 in 10 days after the US Treasury’s FinCEN issued its forward guidance back in March. Last week’s highly publicized US Senate hearings delivered an even more dramatic result, with the price jumping from $478 on the morning of Monday 18^th November to $744 at midnight (GMT).”

http://www.coindesk.com/bitcoin-price-1000-doubling-7-days/

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