Markets Weekly: Bitcoin Price Drops as Coinbase Euphoria Wanes

Markets Weekly: Bitcoin Price Drops as Coinbase Euphoria Wanes

The bitcoin price has fallen 11% over the last seven days, opening at $254.51 on 26th January and closing at $226.40 on 1st February, according to the CoinDesk Bitcoin Price Index. The price spiked at the start of the week, however, when it hit a high of $307.97 on the back of major announcements from Coinbase, which included its record-setting $75m funding round and the launch of its US-based exchange. The price jumped by more than $50 in intra-day trading. Price gains were quickly lost again as successive trading sessions took their toll. The biggest dip occurred on Wednesday, as the....


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Markets Weekly: Price Crosses $300 Following Coinbase News

The price of bitcoin has rocketed over the past week, gaining 19% over the seven days to break the $250 mark. Just before 08:00 (GMT), the price pushed beyond $300, and it was still hovering around that level at press time. The bitcoin price opened the week at $209.93 and closed seven days later at $254.51, gaining a whopping $40 over that period, according to the CoinDesk Bitcoin Price Index. Buying on the news. Two bullish announcements - both involving the bitcoin services juggernaut Coinbase - coincided with the price spike last week. This doesn't even account for a third notice from....