Bitcoin Rollercoaster Rides Brexit As Ether Price Holds Amid DAO Debacle
Bitcoin and ether prices rode a rollercoaster during the week ending 24th June, plunging lower at some points and pushing higher at others as market participants responded to global economic uncertainty. The price of bitcoin approached $800, the looming 'Brexit' vote, the latest developments surrounding the collapse of The DAO and a trading outage at exchange Bitfinex all helped fuel these sharp price fluctuations. When the week began on 17th June, bitcoin was trading at nearly $770, CoinDesk USD Bitcoin Price Index (BPI) figures reveal. However, the digital currency failed to "break....
Related News
Another bitcoin price hike is in the books following the unexpected Brexit. At press time, bitcoin has started a recovery and is now hovering around $655 USD. Bitcoin and Brexit. Bitcoin was doing quite well last week, having surpassed the $700 without much trouble, but ironically, things took quite a plunge at the same time that the UK voted to leave the EU. Actually, the two appear to be directly linked. The Brexit is affecting trading across the globe, even if they don’t seem related. For example, bitcoin trading is at its highest in China. At present, the country is responsible for....
The Brexit debacle had caused quite a stir for Britain but has also leaked into the minds of people in other countries in the UK as well. Scotland is one of these regions that has people talking about leaving the EU’s monetary system. A recent paper written by Dr. Craig Dalzell discusses the possibility of Scottish independence, and the country’s....
The Brexit is a doom scenario for traditional finance all over the world. As stock markets continue to lose ground, and the Pound Sterling devalues, there is an increased interest in gold and silver. Bitcoin, that other scarce store of value, is doing quite well too. While the majority of investors around the world thought the Brexit vote would result in....
Another interesting week goes past. Today was plagued with important news in both global politics and the Crypto Sphere. The United Kingdom decided to split from the European Union, as the election unfolded, Bitcoin saw a huge surge in price. This week was packed with geopolitical and geoeconomic shocks all around the world. Brexit, the Colombian Government dialogue with FARC (Communist Guerrilla), and the Venezuelan OAS (Organization of American States) discussion sent ripples across the world’s stock and forex markets. Bitcoin suffered from volatility increase, sending the price into a....
Ether price dropped below $600 as altcoins are feeling the pressure from the SEC vs. Ripple lawsuit. XRP has been showing massive weakness as the cryptocurrency is being sued by the SEC. Its price tumbled significantly from $0.65 to $0.21 in four days, a crash of 67%.Meanwhile, other altcoins also corrected significantly in the past 24 hours as investors probably fear that XRP may not be the only coin on the SEC's radar. Ether (ETH) dropped by 14% on Dec. 24 and then bounced at $550. While Chainlink corrected 38% toward a recent low of $8. Sushiswap (SUSHI) saw the largest correction and....