Markets Weekly: Bitcoin Price Holds Firm Following Volume Growth
The bitcoin price has continued to build on recent gains, adding $15 over the last week. This represents a 6% increase over the opening price on 2nd March, according to the CoinDesk Bitcoin Price Index. The week's biggest intra-day price swing happened early in the week, when bitcoin hit a high of $286.28, representing a gain of $19.24 from the day's low. Trading sessions ended in positive territory on four consecutive days, from the end of the previous week and into the first days of the week just passed. Some $50 separated the daily low at the start of the sessions and the high at the....
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Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class. Bitcoin prices fluctuated within a tight range of $405 to $420 during the seven days ending 25th March, maintaining relative stability even as the bitcoin community faces questions of scalability and an upcoming drop in the number of new bitcoins minted per transaction block. The modest price fluctuations followed the trend of the last several weeks, with prices generally enjoying stability and consistent trading volume. During the week ending....