![Bitcoinist Weekly News Re-Hash: Bitcoin Classic Gaining Steam](maxthumb/bitcoinist_net_Bitcoinist-News-Re-Hash_GOOD1.png)
Bitcoinist Weekly News Re-Hash: Bitcoin Classic Gaining Steam
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%
Related News
Green candles dominated the charts for most of the week, as the bitcoin price climbed upwards towards $400. We finally broke that barrier late in the week, reaching $403.20 as it came to a close, making for a total gain of 7.22%. The week was also marked with some rather significant news. To name a few stories that broke this week: Valve may be accepting bitcoin in the near future, Coinbase adopted Bitcoin Classic, and Supreme Court Justice Antonin Scalia was found dead in a hotel room at age 79. Total Change: +7.22%
The battle between Steam and Epic Games, two of the most important videogame distribution platforms worldwide, has reached the crypto market. As Bitcoinist reported yesterday, video game developer Vault removed and banned crypto-based games from Steam. The decision was met with a reply from its competitor. Related Reading | How The Apple v. Epic Games Case […]
You’re watching news bits, the weekly informing program of Bitcoinist. Let’s see what happened on the market this week. Thank you for watching. Stay tuned because next week we’re gonna cover the Miami Bitcoin conference with exciting summaries, interviews and predictions. Please feel free to subscribe to our YouTube, Facebook and Twitter channels. Lookin forward to see you next week!
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....
We saw some interesting activity in the Bitcoin markets this week. During the first half of the week, we saw a run-up to $460, followed by a few days that made us think that $460 might be a new sticking point in the market. Those notions were dashed during the latter half of the week though, as the price starting falling on Christmas night, hitting a low of $407. A late-week recovery brought the price back up, though, and overall we saw a 2.63% decline over the entire week. Total Change: -2.63%