Markets Weekly: Bitcoin Price Rallies Amid Positive Newsflow
The bitcoin price has jumped nearly 12% after four days of consecutive gains, hitting a high of $262.81 in today's trading so far, according to the CoinDesk Bitcoin Price Index. The price spike comes on the back of a relatively robust week of trading for the bitcoin price that was peppered with positive news for the digital currency. News of the Bitcoin Investment Trust gaining regulatory approval for a public market listing in the United States broke yesterday, giving bitcoin bulls reason for cheer. The fund plans to make its shares available for trade on a US 'over-the-counter' market,....
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Good morning. Markets enjoyed another buoyant week as newsflow around vaccines was positive, with the S&P finishing the week on 3,693. In the UK, the Medicines and Healthcare Regulatory Agency (MHRA) approved the BioNTech/Pfizer vaccine, with rollout set to start this week. The FTSE All-Share rose from 3,542 on Tuesday morning to finish the week at 3,702. The sentiment was positive as dire case numbers gave way to the light at the end of the […]
Markets enjoyed another buoyant week as newsflow around vaccines was positive, with the S&P finishing the week on 3,693. In the UK, the Medicines and Healthcare Regulatory Agency (MHRA) approved the BioNTech/Pfizer vaccine, with rollout set to start this week. The FTSE All Share rose from 3,542 on Tuesday morning to finish the week at […]
The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. The price has built more momentum as it faces resistance at $10. With a break above the $10 mark, the price of APE would rally to $12. If the....
Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class. Bitcoin prices rose over the last week, pushing higher as the sentiment surrounding the digital currency strengthened. Bitcoin was trading at $421.69 at 12:00am (UTC) on 19th February, compared to $377.82 on 12th February at 12:00am (UTC), according to the CoinDesk USD Bitcoin Price Index (BPI). This increase represents a gain of more than 10%. This week provided a contrast to the prior seven-day period between 4th February and 11th February,....
The bitcoin price continued its decline this week, deepening losses that began last week. However, fundamentals suggest there may be reason for optimism in the long-run. Bitcoin was trading at $352 at the start of last week, close to its high for the period. It dropped to a low of $320 on Saturday. It closed the week at $325, losing $27 over the seven days. That's a drop of about 8%. To put the latest price movement in context, last week's Markets Weekly reported the Bitcoin Price Index at a high of nearly $390, before losing $40 over the week. The last two weeks, then, has seen the price....