Bitcoin broke $900 on Tuesday, a new record, before dropping back to $768, according to prices on the Mt. Gox bitcoin exchange.
Authorities indicated during a U.S. Senate hearing on Monday that they see potential value in bitcoin, helping the price climb higher.
News about funding for a leading Chinese bitcoin exchange also helped bolster the price, according to a story on MarketWatch.
Bitcoin Tops $900, A Record High, Before Falling Back To $768
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