Markets Weekly: Bitcoin Stable Amid Global Oil and Metals Crash

Markets Weekly: Bitcoin Stable Amid Global Oil and Metals Crash

All was quiet in the bitcoin markets this week, with price and trading volume both remaining relatively flat. The bitcoin price opened the week at $375.24 and climbed just under $2 to close the week at $377.09, according to the CoinDesk Bitcoin Price Index. Bitcoins traded across all exchanges tracked by Bitcoinity fell slightly by 2.4%. The number of coins that changed hands for the week ending 30th November stood at 3.59 million, while the previous week saw 3.68 million bitcoins traded. Despite that total figure, however, the drop on most major exchanges was more pronounced. Bitstamp and....


Related News

Market Analysis: Stable Week

As the title suggests, this week has been stable for the most part. Take the world stable with several grains of salt, as stable in cryptocurrency is still volatile for most people to stomach when they have been used to the relative stability of the dollar and people in precious metals. For example, let’s take a look at some of the more recognizable cryptocurrencies such as Litecoin and Darkcoin. Litecoin has stayed in the $5 range, with volume staying around the $2.5 million mark. With a market cap that Litecoin possess, I fully expect Litecoin to recover from the downward trend it has....

Bitcoin Hashrate Shoots Up To New All-Time High Amid Crash

Data shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time high. Bitcoin Mining Hashrate Surges To New All-Time High As Price Crashes According to the latest weekly report from Arcane Research, the BTC miners’ revenues continue to suffer as price crashes and competition becomes all-time […]

Amagi Metals Reopens For Business Under New Ownership

Amagi Metals. Bitcoin accepting precious metals companies have received much attention within the retail precious metals industry over the past few years. This week, some changes have taken place. Amagi Metals has relaunched after some time offline due to internal issues. Under new management, Amagi Metals is hoping to win the trust of the precious metals retail scene, even if it is slowly. Amagi Metals relaunched under the management of Anthem Vault. As a representative posted to Reddit: Hello r/silverbugs - I want to introduce the new Amagi Metals brand that is being released under the....

Bitcoinist Weekly News Re-Hash: Cryptsy Disappears, China Shakes World Markets

This past week was an exciting one, with the rising bitcoin price, community drama, and shaky financial markets giving us a lot of things to watch. China started the week with a massive stock market crash, putting the global economy on high alert. Meanwhile, in the Bitcoin community, we discovered that the Cryptsy team moved out of their building in Delray Beach, Florida without warning — no one knows where they are. The week started off on Monday, January 4, 2015, with the Bitcoin price following the $430s pattern established in the previous week. Nothing dramatic happened on the markets,....

Is Bitcoin a Safe Haven amid Global Shares Uncertainty

The start of 2016 has been far from tranquil for most equity and commodity investors. With the Chinese Shanghai Composite falling from over 3500 at the start of the month by over 16% to circa 2950 and with Oil tumbling to just over $30 a barrel, its’ lowest price in over a decade, people are desperately looking for a stable alternative to keep their money safe. Amid the heaps of Bitcoin news sites that have published articles around the future of the crypto-currency these past weeks, many have pointed out that Bitcoins are not just the most cost-effective way of transferring money across....