Bitcoin is way up, euro is way down

Markets are reacting now that Greece has decisively voted no.

As of 12:15 PST Bitcoin was at five month high, trading at $268.

Image from CoinBase.

The euro is getting walloped.

Image from FinViz

Spot gold opened slightly higher at $1,173 per ounce but slid.

With Greeks voting no to the EU’s demands, the country is more likely to leave the euro. Greece may also default on debt obligations and return to the drachma, it’s former currency.

The prime minister of Greece, Alexis Tsipras, says he is committed to ongoing negotiation. On Monday the European Central Bank will hold an emergency summit. French president Francois Hollande and German chancellor Angela Merkel will also hold a meeting on Monday.

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