Bitcoin Market Wrap Up: 3/29 – 4/5: BTC Rebounds to $260, Privacy Coins Dominate Altcoin Market
Since last week, bitcoin has rebounded; the price is up 7.04% in the last seven days, with a 2.95% increase in the last 24 hours. While there has been the usual amount of both good and bad news regarding bitcoin, what makes this week special is that people are starting to realize the digital scarcity Satoshi originally intended. Recently we have passed the 14 millionth Bitcoin that has been mined, or 2/3 of the total supply of Bitcoins that will ever come into existence. Bitcoin started this week at a price of $252, dipped down to a bottom at around $238 on March 30th, and from there....
Related News
Bitcoin price has proved resilient in the face of bad news but traders expect crypto volatility ahead.
Bitcoin price is dipping a bit while ether flows display Uniswap’s prominent market position.
Bitcoin fell by over $3,300 while options traders see ether going higher.
This week, Bitcoin has seen stable gains, securing a 2.25% increase. While we did see some dips this week, Bitcoin never fell below the $240 threshold. After Bitcoin hit its low at $240, it rose quickly, hitting this week’s high at $252. Since then, Bitcoin has decreased slightly and is hovering just under $250. Volume has been in the average range this week — possibly on the lower end of the spectrum. While it is higher than the volume we saw last week, more volume would be optimum, as more liquidity for Bitcoin is never a bad thing. Next week could go either way regarding the price of....
Since the last market wrap up, price in Bitcoin has finally hit bottom and the trend has reversed. The defining moment that turned the price around was earlier this week when price hit bottom at $222. Since then, price has increased at a steady pace totaling to a net gain of 4.5% over the last seven days. If current trends hold, I’d expect Bitcoin to be either approaching or however just above $240 this time next week. The growth Bitcoin achieved this week seems to be organic; if it were artificial growth would have been much more rapid. This growth, coupled with lower volume (below $13....