OKCoin to Blame for Bitcoin Price Retraction to $600?
Analysts and enthusiasts everywhere have enjoyed the large rise in the bitcoin price. After breaking $600, the price hovered in the $620 range for a while. Unfortunately, another drop has occurred, and bitcoin now finds itself stuck in the low $600s. Some believe OKCoin deserves the blame for this fall. However, despite the retraction, market patterns still look bullish. OKCoin Bringing Bitcoin Down? One of the factors possibly contributing to the drop is a recent liquidation of Chinese bitcoin exchange OKCoin. This is the second time in the last two months where a Chinese exchange held....
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A few days have passed, and not much has changed. Despite all the hoopla surrounding the bitcoin price’s recent rise to $620, a drop has occurred, and everyone’s favorite coin is still hovering in the low $600 range. Also read: OKCoin to Blame for Bitcoin Price Retraction to $600? One source writes: “Bitcoin price trend remains up, but a downward correction prior to the next wave of advance remains likely… We’re waiting for price to either surge higher or make a surprise downward correction, but the market’s uncertainty to choose a direction keeps price action on a tightrope… Of course,....
Today marks a special day: The first day that newcomer international Bitcoin exchange OKCoin.com has had a higher daily Bitcoin volume than all other exchanges. In the last 24 hours, OKCoin.com has transacted nearly 16,000 BTC, compared with Bitstamp's ~14,700 BTC and Bitfinex's ~15,100 BTC. OKCoin.com is the international arm of OKCoin. OKCoin also runs OKCoin.cn, a Chinese Bitcoin exchange that also has high volume CNY/BTC trading but does not charge fees (the Chinese norm). Whether or not OKCoin's lead in 24-hour Bitcoin volume will persist until tomorrow is anybody's guess. However, it....
The bitcoin trading platform OKCoin is currently down and has been for more than 12 hours according to a reddit user. When visiting OKCoin.com you will receive a Cloudflare error as seen below: There has been reports claiming that the servers OKCoin uses are undergoing Emergency Maintenance due to abnormalities caused by server interruptions. For more than eight hours ago OKCoin sent out a tweet saying their platform would be temporarily inaccessible. The tweet is now creating outrage among some of their followers. Let's hope the maintenance is over soon so OKCoin's clients can access....
This week in Bitcoin, we saw a straight trend downwards, with no reversals or bounces. The price briefly held at $240, peaking at $242, and then proceeded to slowly depreciate until it hit a floor at $228 — decreasing nearly 5% over the last seven days. Since then, the price has recovered slightly and is hovering at $230. Bitcoin’s depression in price is most likely due to the attention OKCoin has been receiving due to the drama surrounding its management of bitcoin.com. In short, OKCoin abandoned the management of the website and Roger Ver, the domain owner, claimed that the CEO of OKCoin....
OKCoin, a cryptocurrency exchange that offers trades between Bitcoin (BTC), Litecoin (LTC), US Dollar (USD), and Chinese Yuan (CNY), has added margin trading to its iOS and Android apps. “In our continued efforts to build the world’s best retail and institutional blockchain asset exchange, OKCoin has added margin trading to its iOS and Android Apps. OKCoin.cn CNY users can trade on up to 5x margin while OKCoin.com USD users can trade on up to 3.3x margin. Thanks for your feedback and continued support of OKCoin. We hope you like it!” added OKCoin in a statement. OKCoin released the....