Bitcoin Price Rises Nearly 20 Percent Monday
It's the start of a new week, and the bitcoin price (or rate) is not surprisingly doing crazy things. Today, the price per coin has come up a whopping 20 percent (as of this writing - and it may change depending on what you're reading this) with relative ease - reaching a high of $710/BTC at Bitstamp. But almost as quick as the price came up, it began to dip slightly. At the time of this writing, we're looking at prices in the rang of $675/BTC at Bitstamp. Some speculate that the rise is associated with the release of tax guidance from HM Revenue & Customs in the United Kingdom. In that....
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Bitcoin chart-watchers are no-doubt glued to their screens at the moment. Over the past twenty-four hours, the price of bitcoin has climbed nearly eight percent to a high of $647 at the Bitstamp exchange - which is up from a 24-hour low of $593. Impressive! While we can't say for sure what has caused this increase, there's been no shortage of news over the weekend related to the United States Marshals Service's bitcoin auction, which saw the sale of over 29,000 bitcoins seized from the now-defunct (yet, re-established under new management, so to speak) Silk Road illicit marketplace. It's a....
Should it be a cause for worry that the price of the world’s top digital currency, Bitcoin, hit a new high with a seven percent increase in the past 24 hours? According to CoinMarketCap, the currency - as at the time of this publication - increased by 7.34 percent to push its market cap to $13,934,740,671 at a rate of $867.83 per Bitcoin, having recorded around $198.4 mln worth of transactions within the 24-hour period. This translates to the addition of more than $1 bln to the market cap of Bitcoin in one day - that is by tomorrow Dec. 23, the market cap would have crossed the $14 bln....
Didn't it tickle your fancy yesterday to find that Bitcoin starts the month of March at the very top of the Wall Street Journal with a banner ad for their feature article? (I'll assume for the sake of argument that you read the daily bible of the financial world as religiously as it is printed.) Wasn't it also scintillating to find that Bitcoin's price, as generally irrelevant as it is, rose a solid 10% over the course of Monday? Coincidence? I think not. Also Read: Bitcoin is about to take over the stock market. Bitcoin price takes off Monday morning. Bitcoin price was heading back....
Bitcoin logged its worst plunge since March in the previous three sessions, stoking concerns among traders that its overheated price rally is beginning to lose steam. The flagship cryptocurrency plunged 5.18 percent during the weekend and extended its correction by an additional 7.29 percent to $35,388 by 0916 GMT on Monday. At its intraday low, […]
Bitcoin fell more than 7 percent on Monday after a whale deposited 18,000 BTC into a Gemini wallet. The flagship cryptocurrency dropped to an intraday low of $54,568 at 0940 UTC, down 7.47 percent into the European session. Its correction started on Sunday after the price reached a new record high above $61,000. Traders used […]