Mt. Gox' Bitcoin Price Might fall below 150 USD today - The end of Mt. Gox?
We have received comments from Bitcoin traders that they believe the Bitcoin Price on Mt. Gox will fall below 150 USD today. Is this the end of Mt. Gox? Investment opportunities. Since the Bitcoin price is plummeting at the moment, it might be wise to invest Bitcoins into other businesses and/or altcoins as they tend to get an upswing when the Bitcoin price is falling. The cryptocurrency exchange mcxNOW have a few good investment opportunities. The mcxFEEs have almost doubled in value, including MaxCoin. Have a look. This is a part of the Cryptocurrency Investment Club by....
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The price of BTC/USD opened at 293$ yesterday and declined down to around 277$ earlier today. The price drop can be attributed to Bitstamp's massive security breach, which cost the company more than 5 million dollars. We anticipated yesterday this fall in the price of BTC, which was based on technical analysis of the BTC/USD 4 hourly charts from tradingview.com. The price opened today at around 284$ and continued to fall until the trend reversed at 279$ to begin rising again until it reached 284$. A "hammer" can be noted on the 2 hourly charts, which signaled an end to yesterday's bearish....
Update: Today’s price low has been corrected from the earlier reported $887 to $885.41. After months of a sustained bullish rally, bitcoin price has swung to a significant slump, hitting a low of $885.41 on the Bitstamp Price Index (BPI) today. The dramatic drop comes within a day of bitcoin inching close to its all-time high. The first signs of a collapse began at 09:00 (UTC), when bitcoin was trading at $1,134.78. A thirty-minute trading period saw price fall quickly toward $1,068.84 before rebounding above the $1,100 mark an hour later. Come midday, things took a turn further south as....
Ethereum price is continuing to fall. It is currently traded at the long-term correction peak. Is there a way for the price to go up? USDTETH. Fall in demand. The fact that Ethereum price could settle at $300 just confirms the upward trend is weak. This mark is important for growth since it was the point of the biggest offer. It wasn’t able to uphold, so obviously the supply surpassed the demand. But at the moment, the fall in demand seems to be temporary. Sharp upward impulses after sharp fall only prove that. According to Vitalik Buterin, the Ethereum network development influences the....
For the second day straight, Bitcoin is up while equities fall. Is this the beginning of a decoupling from traditional markets? @SmartContracter picked up on this trend yesterday by saying: “was very surprised to see this today, but there is nothing i would like more than to see btc break its correlation with equities.” However, […]
As the Bitcoin network replaces our current financial system and becomes the unit of account for the world, everything else will fall in price indefinitely.