Market Wrap Up 2/23 – 3/1, Bitcoin and Darkcoin Make Bullish Moves
With the end of February just passing, many were saying February the most stable month of Bitcoin so far. With a net change of a $1 per day, Bitcoin users enjoyed a stable price. For a while, it looked that February was going to end with Bitcoin at a price of the mid $230s. Later Sunday, after the price dipped to the upper $240s, we had a similar breakout when we broke through $250. China is leading the way again, but $260 has been surpassed from all the principal Bitcoin exchanges in the USA and China.
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To wrap the Bitcoin market, and the cryptocurrency network, in general, into one word, I would use the word unexpected. We were seeing the small $1-$3 fluctuations in Bitcoin for the greater part of the week, then the price broke out into a bull run. No one without insider knowledge saw this coming and caught many people by surprise. While refreshing to see Bitcoin up 10% for the next three days, it was certainly unexpected. There was no corresponding “good news” that would cause traders to start buying Bitcoin, so the most reasonable explanation is market manipulation.
After enduring a tumultuous cooling period in August, Darkcoin's prospects were beginning to look up. Kristov Atlas' review of Darkcoin's source code was mostly positive, and developer Evan Duffield announced Darkcoin would soon become open-source. Moreover, the Darkcoin price increased during the first half of September. After declining a bit from its mid-month highs, the Darkcoin price rallied before Darkcoin's open-source release. However, the Darkcoin price has declined since the actual release. Nevertheless, Darkcoin investors should not panic-sell yet. Darkcoin Price in Decline after....
The Darkcoin price has not fared well recently, much to the chagrin of investors. Over the past few weeks, the Darkcoin price has experienced a steady decline, followed by a crash and brief recovery. CCN examines the Darkcoin price and analyzes its future outlook. Darkcoin Price Fell 20% This Week. Over the past seven days, the Darkcoin price fell 20%. The anonymity-branded coin had a price of $3.08 on August 24. However, the Darkcoin price continued its steady two-week decline by rippling down to as low as $2.29 on August 27. At present, the Darkcoin price rests at $2.42, according to....
The Darkcoin price exploded during May, rising more than 2000% in less than a month. Since its rise, Darkcoin has consistently remained among the altcoin heavyweights, despite a price decline. However, the Darkcoin price downtrend is becoming a concern for investors, as Darkcoin's market cap has fallen below that of another coin that until recently had been slumping, Peercoin. As the Darkcoin price has decreased, the Peercoin price has risen, causing Peercoin to briefly pass Darkcoin for fourth in total market cap. Darkcoin Price Falls to 30 Day Low. Darkcoin's price explosion in May was....
In September, the Darkcoin price broke out of a slump and surged at an impressive rate. However, Darkcoin could not sustain that massive amount of investment capital, because the Darkcoin price climb turned into a price bubble that popped during the latter half of September. But it appears the decline may be over and that Darkcoin is returning to its mean price level. Also Read: Darkcoin 2.0 Open Source - Can Darkcoin get it's mojo back? Darkcoin Price Returns to Mean After September Price Bubble. During the early portion of September, the Darkcoin price hovered around 590,000 satoshis. On....