The UK successfully "broke the EU", and the price of Bitcoin instantly soared to $650

Yesterday, the price of Bitcoin fell to $550. Today, with the UK's successful "Brexit", the price of Bitcoin has skyrocketed, reaching as high as about $650 (as of press time).

Many people say that the price of Bitcoin is tied to certain recent related events. As of press time, people's concerns about the European economy are the most influential factor. As long as the support rate for Brexit rises, the price of Bitcoin will also rise.

The Brexit referendum in the UK has been a hot topic recently. The government asked the public to vote on whether to stay in the EU (Bremain) or leave the EU (Brexit). Coincidentally, the result of the Brexit referendum has always been closely related to the price trend of Bitcoin. As soon as the news of the UK's official withdrawal from the EU came out, the price of Bitcoin instantly rose from around US$550 to US$650.

As of press time, 54.5% of votes were valid. According to the Daily Telegraph, the percentage of votes for Brexit was as high as 51.4%, while the percentage of votes for Remain was 48.6%, with a small gap between the two.

Bitcoin enthusiasts immediately announced the news on Twitter, pointing out that the news is closely related to the rise in Bitcoin prices.

In addition, market observers used this incident to express that Bitcoin's price trend is overly dependent on a single market change, and therefore began to worry that traditional markets would also be unstable.

Bitcoin prices have indeed been volatile this month, reaching a 2-year high in the middle of the month, before starting to fall a week ago and rising again today.