Price of Bitcoin Takes a Tumble This Weekend
The start of this weekend hasn't exactly been pleasant for those who are counting on the price of Bitcoin going even higher. Some grim news that came out this week scared the market when China announced they didn't want financial institutions toying with bitcoin. On Friday, the market became really scared when Baidu stopped accepting bitcoin. The company says it's due to wild fluctuations in the cryptocurrency, but some speculate Baidu has felt pressure from Chinese authorities to stop accepting bitcoin. As such, the price per coin is far from where it was at the start of the week. At the....
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It certainly has been an interesting weekend when it comes to the price of bitcoin. Late last week, following an advisory that financial institutions in China steer clear of bitcoin, and the news that Baidu was no longer accepting bitcoin, the price took an absolute tumble. Today, the price has come up, with things overall looking more positive. Over 15 percent gains have been observed in the last 24 hours, effectively bringing the price at a hover in the mid-$900USD range at the time of this writing at Bitstamp. Mt. Gox is looking higher per usual, at about $975USD. The general theory is....
Here's a look at what we are focusing on in the bitcoin price this evening, and beyond in to the weekend. The market is about to draw to a close out of Europe, and things have been pretty wild this week in the bitcoin price. We noted in this morning’s analysis that we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy, and we’re hoping that this will continue over the weekend. Normally, when it comes to this time on a Friday, we set up some tight key levels and look to draw some scalp profits from the market on intraday breaks. Tonight,....
Here's a look at what we are focusing on in the bitcoin price this evening. Another week complete, and unfortunately, it looks like we are going to close out the session on a bit of a damp squib. Things haven’t moved to the degree we would have liked, and we remain underneath the level I’ve been obsessing over for the past three weeks – 800 flat. The weekend is often good for big level hits, so there’s every chance we will get a run on Saturday or Sunday that takes out the level. If we do, I’m not going to complain, but I would have liked to have locked in some profits on said break before....
Here are the levels we are looking to trade in the bitcoin price this evening out of Europe. So that’s it. Another week’s worth of bitcoin price trading gone, and one during which we saw plenty of unpredictable, yet perfectly tradable, price action unfold. As ever, however, the end of the traditional financial week far from means the end of our trading week. Bitcoin’s decentralized nature means we are able to trade over the weekend, and this – as many who have followed along with our analyses for a while will know – has opened us up to some opportunities to get into the most rewarding....
Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. The price of Terra (LUNA) briefly spiked around 90% overnight to an intraday high of $11.33 ahead of Binance’s airdrop but has since dropped back to around $8.26 at the time of writing. At current prices, as per CoinGecko data, the increase to $8.26 represents a 35% gain over the past 24 hours. Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. Members of the community posted screenshots of the price jumping as high as $12 on the....