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Bitcoin hit a new high for 2015

Bitcoin hit a new high for 2015

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015.  REUTERS/Benoit Tessier

Thomson Reuters

An illustration photo shows a Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen at La Maison du Bitcoin in Paris

Bitcoin is back.

At least: for 2015.

The cryptocurrency started Friday October 30 by setting a new 2015 high for its price, breaking past the $320 level for the first time all year.

The value of bitcoin plummeted to start the year, coming after a 2014 where the price of bitcoin plummeted. The cryptocurrency was trading at as much as $1,150 in early 2014.

In bitcoin's brief existence it has been hailed by investors including Tyler and Cameron Winklevoss and simultaneously$4surrounding the ease with which criminals can use the cryptcurrency.

Many Wall Street firms have expressed reservations about working with bitcoin, but are eager to implement $4.

Still, big investors are interested in the cryptocurrency. Entrepreneur Barry Silbert $4between his Digital Currency Group and investors including Bain Capital Ventures, MasterCard and others to support investment in bitcoin startups. Already, it has developed a portfolio of more than 50 companies.

Over the last month bitcoin is up more than 37%:

Screen Shot 2015 10 30 at 8.18.20 AM

$4

The price of bitcoin is up 37% over the month of October

NOW WATCH: $4

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