The Price of Bitcoin Just Spiked $30 in One Hour
The price of bitcoin rose nearly $30 over one hour of trading today, spiking to $740 as it continued to test 2016 highs. The sudden boost followed a relatively slow uptick over the course of recent trading sessions, with the price fluctuating between $706 and $713 from 0:00 UTC on 15th November to 12:00 UTC today, figures from the CoinDesk Bitcoin Price Index reveal. However, that would soon change as the price began rising quickly, spiking nearly 4% over the course of just 60 minutes today. Speculation on social media credited the boost to a weakening of China's yuan, a theory that is....
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The sky did not fall on Bitcoin price and during early trade the price was trading above $200 after a ferocious drop to near-$150 in the first half of the week. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Bitstamp Daily Chart. Yesterday's Bitstamp chart shows the cataclysmic drop to a support shelf at $160. Price spiked below, but the final declining candle closed and reopened right on the Fib fan line drawn from the all-time high. That price is honoring this line means that....
The bitcoin price has jumped since our last price piece and once again, Asia is the continent to “blame.” After a massive recoil down to $704 (the price had hit $740 just a few days prior) our favourite digital currency is back on its heels and striking the $727 chord. One source described the action in detail: “The bitcoin price made significant gains in a trading hour today as price spiked up to nearly $740 on the Bitstamp Price Index (BPI), pushing towards the higher ceilings of the cryptocurrency in 2016. The surge began at 12:25 UTC when bitcoin was trading at $714.88. Merely 15....
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Bitcoin Price launched higher in spectacular fashion shortly after publication of yesterday's analysis. Price had spiked above $300 in some exchanges, and BTC-China momentarily achieved a high last seen in November 2014. This analysis is provided by xbt.social with a 9 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 13h39 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: In hindsight, the price action since the 8th, was clearly a base building phase.....