Shortly before the European markets closed on Monday afternoon, we published this piece, highlighting the day's bullish action and hinting that there could be further bullish action to come, providing the upside momentum held firm. Throughout the US afternoon session, and into late Monday evening GMT, we saw this bullish action materialise, with the bitcoin price trading to fresh monthly highs just ahead of the revered 300 level. From these highs, we have seen a small correction, but a look at the chart offers up no reason why we can't see further gains during Tuesday's European session.....
Only a day after writing that bitcoin had reached new highs in the $360s, the currency slammed through the $400s up to $425 before investors took profits, sending the price dropping back to $385. The gap between the Chinese and American exchanges widened to $23. The last time the price of bitcoin was above $400 was back in November 2014. Amidst the conversation about the price rising, eclipsing previous 52-week highs, is a desire to justify the price appreciation. According to Jack Liu of OKCoin, one of the drivers has been a desire for "mainland [China] speculators to move to other assets....
DASH and MaidSafeCoin have both posted new all-time market cap highs as investors pile into altcoin trading.
DASH, which recently debuted on major exchange BitMEX, has seen its value shoot up over the past month, posting almost daily significant gains in price.
It now enjoys the number six spot in terms of the market cap out of all cryptocurrencies and has reached its highest-ever figure of $139.6 mln according to data from Coinmarketcap.
“The first digital currency that can offer real electronic untraceable cash will be very successful. The Dash team is on the right path....
Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction.
Bitcoin Hits Highest Price Since 2014.
As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday.
According to the Coindesk Bitcoin Price Index, Bitcoin reached a global average price of over $788 USD, but in many markets and currencies Bitcoin trades for much more. According to....
Bitcoin price got a boost from fresh concerns in the UK financial sector, leading traders to price in more uncertainty.
Bitcoin Price Key Highlights.
Bitcoin price appears to be showing a return in bullish momentum as it bounced off a nearby support zone.
Bitcoin seems to be on track towards climbing to the top of its ascending channel on the 1-hour time frame.
For now, price is still hovering around the mid-channel area of interest, waiting for a stronger surge in bullish momentum.
Technical Indicators Signals.
The 100 SMA is still above the 200 SMA so the path of least....
I really like Bitcoin. I own Bitcoins. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down.