Bitcoin Market Wrap Up 7/12 – 7/19: BTC Down 10%, Markets Holding Steady
Bitcoin, among other coins, saw both an increase in price followed by a hefty decrease in price shortly after. Bitcoin broke $300 after nearly a month of steady price gains. Unfortunately, the price was not able to stay there for more than a couple of days and since then price has fallen. While the price has attempted on multiple occasions for reentry into $300, the highest Bitcoin has been this week $294. Price has continued to decline and seems to be hovering in the upper $270’s as of right now, equating to a 4% decline for this week. With a current price at $276.95, and 24-H volume of....
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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....
Rising around $50 in price, Bitcoin had a crazy ride this week. Breaking the monotony that we’ve seen for the last 18 weeks with only single digit changes and the occasional bull run, the rise from $260 to $310 is reminiscent of the kind of trading we saw last year. With a steady buying pattern this week, Bitcoin users experienced steady gains in price with no signs of stopping soon. Interestingly enough, most of the trading seems to be occurring inside the United States rather than being dominated by the Chinese markets like what is usually the case. If you examine the movement of Bitcoin....
Many cryptocurrencies have seen their bull market gains wiped out since the start of 2022 and Ethereum has not been left out. However, investors in the digital asset have fared better than most given how many of them still remain in profit. Data shows that the gainers in Ethereum are still holding steady as half […]
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....
Bitcoin price holds steady while ether in smart contracts reach a level not seen in four years.