Bitcoin Surges as US Marshalls Prepare for Final Silk Road Bitcoin Auction

As Bitcoin makes its biggest gains in two years, the US Marshall Service prepares its final auction of bitcoins seized during the Silk Road investigation from Ross Ulbricht. Bitcoin has been consolidating since 2013, as headlines like the collapse of Mt. Gox and the Silk Road have colored people’s view of the cryptocurrency. Over the past seven weeks, Bitcoin has sustained its longest run since November 2013. Recently, positive news has painted the picture, as major demand out of China drives up the price of the currency. The central bank there has cut rates multiple times.