Support from Zynga helps Bitcoin break the $1,000 valuation mark again

Support from Zynga helps Bitcoin break the $1,000 valuation mark again

bitcoin-cropThe price of Bitcoin is back over US$1,000 after gaming giant Zynga became the latest company to adopt the virtual currency.

The US company started accepting Bitcoin for in-game payments on a selection of its Web-based games this weekend, a move that helped the valuation of the cryptocurrency break the symbolic $1,000 mark once again, according to popular exchange Mt. Gox.

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Bitcoin hit that milestone for the first time in November, but a series of setbacks — including new regulations for BTC China, the world’s largest exchange — sent the price tumbling. It was as low as $435 on December 18.

➀ Bitcoin crosses $1,000 on Zynga move [BBC]

Headline image Antana / Flickr

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