Bitcoin Market Wrap Up 7/12 – 7/19: BTC Down 10%, Markets Holding Steady

Bitcoin Market Wrap Up 7/12 – 7/19: BTC Down 10%, Markets Holding Steady

Bitcoin, among other coins, saw both an increase in price followed by a hefty decrease in price shortly after. Bitcoin broke $300 after nearly a month of steady price gains. Unfortunately, the price was not able to stay there for more than a couple of days and since then price has fallen. While the price has attempted on multiple occasions for reentry into $300, the highest Bitcoin has been this week $294. Price has continued to decline and seems to be hovering in the upper $270’s as of right now, equating to a 4% decline for this week. With a current price at $276.95, and 24-H volume of....


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Quotes

Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.

Pieter Wuille, Software Engineer