Bitcoin Price Rises Nearly Eight Percent in a Day
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....
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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....
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....
Last week, rumors surfaced that the United States Securities Exchange Commission (SEC) had sent inquiry letters to various companies who have released securities on crypto 2.0 platforms. Some investors became anxious that the SEC was targeting the platforms themselves. This uncertainty led to a brief drop in the price of Counterparty's native currency, XCP. However, Counterparty responded that the SEC has not contacted them and that since their platform is open-source, they are not responsible for how people use it. Since Counterparty's clarification, the XCP price has increased more than....
Bitcoin should surge to $12,000 by the end of this week, according to Josh Rager of Blockroots.com. The analyst raised his price target for the cryptocurrency after it logged a five-day winning streak ending Sunday. In that period, BTC/USD surged by more than 7.5 percent, hitting a weekly high at $11,498 as traders hoped for the US Congress to release the second coronavirus stimulus package. The pair also jumped higher after Square, a global […]
Over the past week, many altcoins have experienced significant price increases. What is striking about this trend is that it has not only affected altcoins with small market caps (whose prices are easy to manipulate) but has stretched to altcoin heavyweights such as Dogecoin and now Nxt, who have previously encountered prolonged price declines. CCN analyzes the Nxt price increase within the context of its recent downtrend. Nxt Price Rises 14% in 24 Hours. The Nxt price rose 14% in 24 hours from September 4-5. On September 4, the Nxt price was 5,980 satoshis. For most of the day, the Nxt....