From Worst to First: Bitcoin's Price Ends 2015 on Top
After a year filled with its share of doom and gloom, the verdict is in: Bitcoin won 2015. As trumpeted by headlines in CNBC and Bloomberg, bitcoin was the best-performing currency of the year, netting near-40% gains, more than double its nearest competition, the Somali Shilling and Gambian Dalasi. The development contrasts with bitcoin's performance from 2014, in which it lost 56% of its value, the most among global currencies. A look at the CoinDesk USD Bitcoin Price Index (BPI) from October on reveals an impressive upward arch that contrasts with the choppy peaks and valleys of the....
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$60,000 would be a monthly record, but longstanding analysis demands a minimum of $63,000 by the start of November. Bitcoin (BTC) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRecord monthly close hangs by a threadData from Cointelegraph Markets Pro and TradingView showed lackluster price action on Sunday, with BTC/USD below the "worst case scenario" for its October close.Analysts were eagerly awaiting to see if the end of the month could provide a turnaround and....