Two Factors That Can Ensure Stability in the Price of Bitcoin
In the real scheme of things, bitcoin will struggle to gain the dominance it promises in the financial markets if it continues to be so volatile. Since the great bitcoin rally in late 203 that brought the cryptocurrency to the limelight, things have been relatively quiet for the digital currency. In fact, in January of this year, bitcoin fell to a two-year low of about $214, down 71.14% from its all-time high hit in November 2013, according to CoinDesk BPI exchange. However, since the two-year low in January, the digital currency has risen by 191% to around 623.24. For one, such a large....
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Bitcoin is unusually stable. Bitcoin has been dancing around the $450 mark for the past month or so. Markets are asking questions about where the value is going as well as asking why the price is showing such a level of stability. Bitcoin is a volatile currency and evidence of growing stability has to be viewed positively, especially in light of the hardening of stance this week from the PBOC. The cryptocurrency is now in a place where external factors are causing fewer and fewer unexpected changes to the bitcoin price. We are, as a community, seeing the Bitcoin price gain stability and....
Several factors have lead to a surge in the price of Bitcoin this year. One of the main factors has been the instability in China and Bitcoin emerging as somewhat of a safe haven. The Brexit referendum too led to price hikes in Bitcoin. There are still underlying factors present that could give the cryptocurrency a further push upwards. According to an article by Forbes Bitcoin transactions could triple. Forbes cited Juniper Research, a UK based company that specialises in identifying and appraising high growth market sectors as saying, “the total value of Bitcoin transactions is expected....
Blockchain applications platform Lisk has announced it has successfully completed a total revamp of its core software. Releasing version 0.6.0, which features the latest LTS Node.JS 6.9 release tree and comprises multiple security and stability updates, developers said these factors were a top priority going forward. “Utilizing the latest Node.JS LTS release aligns with our mission to ensure maximum stability and security for the Lisk Core - a top priority for us,” Lisk Foundation President Max Kordek said in a press release. “Our latest version 0.6.0 will allow for further significant....
The Bitcoin market is maturing. This is shown by the relative stability noticed in recent times which could be as a result of certain factors that have come into play especially within the past year. Prior to this year, Bitcoin was subject to volatile swings in its value. While the risk is still there, it appears that only major fundamental events are triggering the same kinds of movements which were commonplace just a few years ago. Cointelegraph asked experts what could be the reason for the relative stability being experienced within the Bitcoin market and what this implies for the....
The bitcoin price has stayed at the breakout level all last week. This sideways activity has added to fundamentals and political factors that support the next up rally from $650 to $820. So, while not much has happened in the last week, don’t lose sight of the rally just yet. Current indicators point to higher levels, but prices have remained at the breakout level. While this stability has gone on, new fundamentals and political factors have built up, likely promoting the next rally. If this proves to be the case, the bitcoin price is expected to rise to $650, then to $820. In the....