Bitcoin Market Wrap Up 4/12 – 4/19: Market Patterns Continue, Crave Bounces Back
Bitcoin continued to decline from the $240s earlier this week, hitting a floor at around $220. The price is currently retesting new levels between $220 and $230, but that seems to be a losing battle with the price still trending downwards. Volume has also been quite low this week, reaching slightly over $15 million for today’s 24 hour trading volume. This is a continuation of last week’s trading patterns. Devaluation was only slight this week, with only a 5.7% decrease in price over the last seven days. If current patterns continue with sideways movement followed by decreasing price, we....
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The bitcoin price is down once again this week — by approximately 9.7% — and volume has been extremely low as well, which comes to more of a shock to people than the price. As of press time, bitcoin’s total 24 hour USD volume was $12.2 million, lower than the average $15 – $20 million USD volume we see on a typical day of trading. Price has flatlined in the last couple days, with only minor fluctuations in across all exchanges. It as if the bitcoin price will keep moving sideways, as it has often done in the past. While bitcoin is the cryptocurrency that is most scrutinized when looking at....
This week we saw volatility that was a lot, even for the relatively unstable Bitcoin market. The week started at a low of $230, spiking all the way up to the $260 range that totals to a nearly 13% increase in price. Like many people expected, however, the price quickly fell back down and is currently hovering at just above $240, coinciding with the prediction I made in last week’s Market Wrap-Up. Despite all the turbulence in price Bitcoin has received this week, Bitcoin still ends the week with approximately 4.5% net gain.
Bitcoin's price is trending up after a dip while traders are moving ether off from centralized exchanges.
Here is Bitcoinist’s Bitcoin Market Wrap. It is been a relatively quiet week for Bitcoin, market-wise. Bitcoin has only fluctuated a couple percentage points every day, with usually a net difference of 1-3% daily. If we take a look at more traditional investments, 1-3% of the variation is a lot, but for Bitcoin in its current state, that is pretty stable. If we take a look at those same “traditional investments” they are down as well. For example, oil is under $2 per gallon in most states in the US, silver is under $17 an ounce, and gold is down $30 today, same with platinum.