The Bitcoin Price Has Risen... Now What?
The bitcoin price reached a new "high" over the weekend at $260 per coin, and all one can do is ask the age old question, "Now what?" It's a strange thing to ask, when one really thinks about it. Do we ask it because we believe the person next to us is a fortune teller or a psychic who can predict the future? Is it because we assume they are more knowledgeable and can therefore steer us in the right direction? Well, regardless of why one asks the question, it can be rather exasperating when we discover that the person or persons we're asking don't know the answer. This is a question we're....
Related News
Last week’s article stated: Well the sharp move came, and instead of rejecting resistance the price shot sharply above it to a high of around US$273. The RSI did get overbought and price sharply snapped back. It is now consolidating above the 200 day EMA, which it broke above in the latest rally. OBV continues to remain at elevated levels (see chart below), in fact it hasn’t been this high since October of 2014 when price was above US$440. A lot of this volume still appears to be wash trading, however as volume has picked up so has the price. The big problem here is that price is not....
XCurrency. XCurrency is an altcoin with a focus on user anonymity. After rising quite a bit during mid-2014, the XCurrency price has been locked in a prolonged decline. However, the XCurrency price has risen 20% this week. Is this the start of a recovery? Also read: Nxttycoin Price Plummets As Encrypted Messaging App Fails to Catch On. XCurrency Price Up 20% This Week. The XCurrency price rose 20% this week after enduring a multi-month decline. The XCurrency price began the week at 31,219 satoshis. The downward skid continued until November 28, when the XCurrency price hit 30,314 satoshis.....
The bitcoin price has gotten a push since our previous price piece. Last week, we reported the currency trading at around the $730 mark. Now, bitcoin has risen to heights of $747 at press time, giving enthusiasts feelings of hope and stamina. Bitcoin Price Still Chugging Towards $800. One source describes the action: “There were continuous gains in the Bitcoin price against the US Dollar as it broke a couple of important resistances to set the pace for more gains. The most important close was above the $750 level, which may now act as a support if the price corrects lower. Recently, the....
Several months ago, Feathercoin developer Pete Bushnell announced the coin would transition to the newly-developed NeoScrypt hashing algorithm, which is resistant to ASIC miners. On October 26, Feathercoin will undergo a hard fork to make the official transition. The Feathercoin price has increased in anticipation of the update. CCN analyzes this altcoin price movement. Also Read: Should I Purchase an ASIC Scrypt Miner? The Feathercoin Price Has Risen Almost 50%. Feathercoin released client 0.8.7.0 on October 13. The update includes the NeoScrypt hard fork, which will take place on October....
Amid increasing hype about blockchains and distributed ledgers, the value of global cryptocurrency markets has risen rapidly so far in 2016. As of mid-June, the value of all blockchain-based currencies in circulation was $14.37tn, and the price of bitcoin was, as it has been historically, a leading driver of this growth. At June's highs of $700, the price of bitcoin had risen almost $300 since the end of May. As the value of bitcoin continues to surge, many have looked at bitcoin’s market capitalization as an indication of bitcoin's value. With a total value of all bitcoins in existence at....