Bitcoin's Price Drop in the Headlines
The fact that bitcoin is endowed with a somewhat volatile nature does not come as a surprise to cryptocurrency enthusiasts, who saw it soar beyond $1,000 in late 2013, only to see it diminish in value again throughout 2014, and drop a further 40% at the beginning of this year. What happened in the early hours of yesterday, however, caused shockwaves far beyond the bitcoin community. The price crashed from $224 at midnight to around $175 (a drop of almost 22%) in just a matter of hours, before rebounding again. Unsurprisingly, the drop in value has set off a whirlwind of conversation about....
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Bitcoin in the Headlines is a weekly look at bitcoin news, analysing media and its impact. Whilst last week's reporting was heavily US-focused, the coverage this week was more far reaching, with outlets from India and Russia mentioning bitcoin - even if in a negative light. Indeed the biggest lightning rod of interest this week was perhaps bitcoin's alleged propensity for enabling illicit activities, with the use of the payment method in online child pornography transactions capturing the lion's share of the media's headlines. Interestingly this focus, however, did deflect from other....
So now bitcoin price has gone down again. After a recent surge of about $20 that got digital currency enthusiasts everywhere feeling pretty happy again, the price has now gone down by about $10 and is hovering around the $233 line. Naturally, many of us are pretty disappointed, and yet at the same time, such a drop was to be expected. With the recent malicious activity striking bitcoin exchanges all over the globe, a bitcoin price drop was probably inevitable. We saw similar circumstances with the Bitstamp hacking, and now we're likely to see it again here, especially considering there....
MicroStrategy made headlines on Tuesday after it announced it has acquired an additional 301 bitcoins during a sharp drop in the price, unfazed of the ongoing market turmoil. The software company founded by Bitcoin bull Michael Saylor has shelled out $6 million for the purchase, making it the largest corporate holder of the crypto, according […]
The price of bitcoin has hit a new high for 2015, with the CoinDesk Bitcoin Price Index (BPI) peaking at $333.75 this morning. Bitcoin, which opened the day at $313.31, rose 6.5% to $333.75 at 8.16am (UTC). It has since decreased to $326.55 at press time. The cryptocurrency began the year trading at $313.92, which was followed by a steep drop of more than 43% to $177.28 two weeks later, making headlines across the world. Today's peak price marks a 6.2% increase from the digital currency's value on 1st January 2015, but a 57% decrease from the same day in 2014, when bitcoin was trading at....
Bitcoin in the Headlines is a weekly look at global bitcoin news, analysing media coverage and its impact. This week, despite a relative shortage of bitcoin news, the digital currency has still captivated a considerable amount of attention from the mainstream media. It also seems that, perhaps fatigued with the recurring negativity around the subject, the media has engaged in deeper analysis. From examining the viability of the digital currency as a payment method to the usual price debate and mention of crime, this week's coverage has something for everyone. CoinDesk takes a look at the....