Bitcoinist Weekly News Re-Hash: Bear Market Special Edition
This week has been somewhat depressing for those hoping to see a return of the bull run that has characterized the market activity of the past couple weeks. The bulls did not make a reappearance this week, while the bears had a firm hold of the Bitcoin price. This week may not be all bad, though. The seemingly tough resistance we have seen at $300 may suggest a leveling-out point, which could mean at new, $300 baseline for Bitcoin. The markets kicked off the week on November 9, 2015 with the Bitcoin price at $369.07. This price point is significantly lower than the levels seen during the....
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Last week some of us at Bitcoinist.net got together and did a brainstorm session. Among the many things we discussed was the topic of having a “status quaestionis” series of articles on the “pro” digital currency governments in the world. We will focus in on providing unbiased information, which is the modus operandi of every professional news site like Bitcoinist and others, and give a balanced opinion that will look at both sides of the coin so to speak. How are we going to provide “unbiased information” to our readers you might ask? By analysing official documents ( if any) and talking....
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....
Welcome to the last Bitcoinist news bits of 2014. This time, we’ll make a special edition, a summary, to point out the most significant stories of this year. Bitcoin 2014 Year in Review. We made a monthly disposition, so lets start with January 2014: Overstock‘s announcement of Bitcoin acceptance caused the price to increase before correcting and settling down at $853 by the end of the month. In February, After the collapse of Mt.Gox and the loss of an estimated 744,000 Bitcoins valued at $400 million, Bitcoin’s future was heavily debated. In Marc, Flexcoin, the Canada-based Bitcoin bank,....
The Bitcoin price is currently so stable that some experts are already jokingly comparing it to a stablecoin. However, from a historical perspective, this low volatility level carries a lot of risk. As Glassnode reports, BTC is trading in an incredibly small range of $869, separating the weekly low and high by just 4.6%. Glassnode looks at these bearish risks but also bullish opportunities in its new weekly report. Periods of extremely low volatility have been very rare in Bitcoin’s history. Ultimately, there has either been an extremely strong move up or down. The Bear Case For The....
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