Bitcoin Price Finds Status Quo in $415 Range
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. The price of bitcoin experienced relative price stability and consistent volume during the seven days through 1st April, maintaining its recent status quo as market participants await resolutions to lingering uncertainties. The digital currency's price has seen modest volatility since the start of March, but some experts have warned that this situation could soon change. While some cited technical indicators in predicting that bitcoin may....
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The price of bitcoin has fallen since our last piece, this time hovering around $573 at press time. Some feel this was to be expected: things haven’t taken much of a turn since the Bitfinex hack, and news regarding Russia’s latest stance on bitcoin has been slow to hit home. Continued Uncertainty in Bitcoin Markets. One source describes the lack of activity: “Overnight action was relatively flat, and we didn’t manage to get into any positions with the range we had highlighted.” Since last week, no significant changes have occurred in bitcoin’s status, but the analyst remains hopeful:....
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