Bitcoin Prices Rise 15% to Reach Post Mt. Gox Crisis High
The price of bitcoin is up more than 15% today on the CoinDesk Bitcoin Price Index (BPI), having reached a high of $677.58 before settling to $659.50 at press time. The $659 figure was roughly $90 more than the opening price of $560, and marked the highest CoinDesk BPI prices observed since mid-February, when troubled bitcoin exchange Mt. Gox was removed from the average amid escalating concern about its financial state. Press time lows on both BTC-e and Bitstamp were the highest observed since 23rd February, when Mt. Gox CEO Mark Karpeles abruptly resigned from his board of director....
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Bitcoin prices have been on the rise in the past few weeks, thanks to the rise in capital flows to the digital currency from debt-ridden Greece. Capital controls imposed in the country, which comprise the closure of banks and ATM withdrawal limits, have led the Greeks to pursue other alternatives in moving funds around. According to a report by Wedbush Securities, this momentum could drive bitcoin prices back to the $400 mark within the next twelve months. After all, the Greek debt crisis is not yet over and the ongoing selloff in China's stock market might increase the flow of funds to....
Bitcoin price to reach 2000 USD by the end of February? Look at the graph above. Just in a couple of days we have seen a massive buy of Bitcoins pushing the price up to more than 1000 USD on Mt. Gox. When I was checking the prices today, I did not expect them to be even higher than they was yesterday. Usually after a big run, they tend to fall sharply until they rise again. This does not seem to have happened. I wrote a post yesterday describing why the sudden increase in the Bitcoin price happened. Gordon Geeko followed up with a more comprehensive analysis. As I am looking at the....
Bitcoin prices broke through $500 on 28th May, building on the previous day’s momentum to reach a level not seen since August of 2014. The sharp increase notably helped extend the digital currency’s recent rally, which has provided a stark contrast to the relative stability bitcoin experienced in the last several weeks and for much of the first half of 2016. Overall, Saturday's move represented a 5.8% increase from its opening value of $473.47, a sharp rise that added to a 4.3% gain that took place on 27th May. The digital currency first broke through the $500 level between 06:00 and 06:14....
Solana (SOL) is currently one of the high-flyers in the crypto market. The crypto token recently recorded one of the most gains following the market-wide rebound. Crypto analyst Rekt Capital, however, suggested that the crypto token is just getting started, revealing key levels to watch as Solana eyes higher prices. Key Levels To Watch For Solana’s Price In an X (formerly Twitter) post, Rekt Capital highlighted $180 and $202 as key price levels to watch for Solana’s price. The analyst claimed that a successful retest of the $180 price level as new support could continue an upward trend....
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