Bitcoinist Weekly News Re-Hash: Visa Tackles the Blockchain, Bitcoin XT, and More
Most of the week was relatively quiet in terms of Bitcoin price, hovering around the $265 mark until the end of the week, when it began falling again. As we predicted last week, the Greco-Chinese hype seems to have worn off in the midst of Mark Karpeles’ arrest; the price stayed relatively stable, and the possibility that it would continue falling ended up coming to fruition. Monday, August 10, 2015 opened at $265.89, kicking the week off continuing the pattern that emerged late last week. Throughout the entire day, the Bitcoin price floated in the mid-to-low $260s, hitting a daily low of....
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This past week saw a lot of hot news stories coming from the Bitcoin community and the organizations powering the growth of the ecosystem. Bitcoin Classic appeared in the news a few times throughout the week, reminding us that the block size debate is far from over. In terms of price, not much happened at the macro level. Hardly any change took place between the open and close of the week, with the price falling less than one percent in total. However, the day-to-day activity certainly gave traders a lot to be excited about, with a lot of big declines and welcome gains. Total Change: -0.10%
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This week, the bears tested the bulls’ control over the market, attempting to shake them on Sunday. The bitcoin price just barely made a gain during the week after the massive drop on Sunday from the $460s into the $430s. Overall, the price increased by 0.61%. The week began on December 14, 2015 with the bitcoin price at $436.35, still riding the rally that kicked off last week. The markets saw some gradual growth during the first half of the day; by noon, the price had climbed into the mid $440s. It took a dip going into the afternoon, though, falling to $439 at 5 PM. As the evening....
For the last few weeks, the Bitcoin price has been on a high following bad financial news from Greece and China. Greece once again found itself staring down the barrel of a debt crisis, while China found itself in the clutches of a stock market collapse. The Bitcoin community met these ominous occurrences with optimism; the next global recession will surely give Bitcoin an opportunity to shine. The possibility of a global recession, combined with the hopes of a mass migration to Bitcoin, sent the Bitcoin price upwards until it hit resistance at $300 last week. Since then, the price has....
This week proved to be a quiet one as the community showed little activity following the Christmas holiday and going into New Year’s. The price grew during the week, but not much; overall, we saw a 0.97% growth. There were a few bits of interesting news to break up the monotony of the price’s sideways pattern, but even then the post-Christmas week did not yield much excitement. Our week began on December 28, 2015 with the bitcoin price at $427.15, still trying to recover from the large drop that happened at the end of last week. The price attempted to stay in the $420s for most of the day,....