Markets Weekly: Bitcoin's New Year Starts With a Crash
Bitcoin's price crashed over the New Year weekend, losing $51 over two days. According to the CoinDesk Bitcoin Price Index, the currency opened on Saturday at $314.59 and closed the following day at $263.63. The plunging price got market watchers chattering as Sunday drew to a close. Unsurprisingly, a contingent of bitcoin watchers put a positive spin on the price crash, viewing it as a buying opportunity, albeit with a note of alarm. Bitcoin: blood in the streets, high volumes & $260 april high revisited. In other words: time to buy. - Tuur Demeester (@TuurDemeester) January 4, 2015;....
Related News
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,....
Clouds on the horizon grow nearer as markets prepare for more inflation cues this week. Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers?After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable.A brutal combination of macro cues, which are set to continue this week and beyond, forms the backdrop for some historical chart retests that no one wanted to see again.As calls for capitulation continue, there....
Bitcoin's price over the past week was a scene of panic for many, but also jubilation for some, as it plummeted by over $100 over two days, only to quickly regain half of those losses. The well-prepared trader would have profited from this intense volatility. The bitcoin price opened the week at $267.09 and closed at $209.63, according to the CoinDesk Bitcoin Price Index. That's a loss of $57.46 or 22% over the seven days. The biggest story, of course, was the price crash in the first days of the week, when the price lost 37% of its value in two days, hitting a low of $170.21 on Wednesday,....
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....
Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues. Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash. The “trading […]