What's happening with the Bitcoin Price?
The Bitcoin price achieved an all-time high of $1162 on 30 November 2013. A subsequent price correction continued for most of 2014 despite increasing mainstream adoption and acceptance of Bitcoin by the likes of computer giant Dell and former competitor PayPal. Bitcoin Price Chart. In September 2014, the Bitcoin price had retraced to near $400 from the $1,162 top after achieving a historically unprecedented growth of 1.4mil percent in less than three-and-a-half years. Drawing channel lines on the long-term Bitcoin price chart yields an interesting prospect of both the end of the decline as....
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Though the bitcoin price is bringing the overall sentiment down, many exciting things are happening in Bitcoin that will make this price drop temporary.
Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO Brian Chesky has hinted. “Like the revolution in travel, there is clearly a revolution happening in crypto,” he added. Airbnb’s CEO Says ‘There Is Clearly a Revolution Happening in Crypto’ The CEO of Airbnb, Brian Chesky, asked on Twitter earlier this week, “If Airbnb could launch anything in 2022, what would it be?” On Tuesday, he revealed that he received 4,000 suggestions, noting that the most popular one is for his company to accept crypto payments. He....
Climate change. Riots. Food shortages. Water shortages. General suffering. Cliff High foresees doom! He tries to not make his YouTube videos too much of a downer and sometimes talks about the bright side of life. He and his guests are the type to equate Skype malfunctions with government interference with new media broadcasts. Cliff recently made headlines in the precious metals world when he forecasted great gains in the silver price – in fact, he foresees not only $20 updates, but ultimately $600 silver and parity with the gold price, which is currently more than $1,000. Cliff applies....
Bitcoin broke out of a range to reach almost $21,000. What’s happening with currencies around the world that may be influencing this price action?
Something is happening in China. As you can see above there is definitely something going on in China. More than 5000 Bitcoins have been traded in less than 60 seconds and there seems to be a massive downtrend. Some have asked us if the Bitcoin exchange Huobi is closing. We are looking into the case and will update this post whenever we have any more information. We have written an analysis today that might be of interest: Bitcoin Price Fails at Major Resistance. UPDATE: the Bitcoin price seems to have stabilized now. The Daily Competition. We are celebrating our enormous growth by....