Bitcoin Global Price Spikes as China Market Hits $800 Per BTC
Demand for Bitcoin seems to be on the rise again in many countries throughout the world as the global economy shows many signs of self-destruction. Bitcoin Hits Highest Price Since 2014. As nations engage in different levels of market manipulation and currency controls, savvy investors continue to use Bitcoin as an economic safe haven, driving market values to a new 2016 high early on Tuesday. According to the Coindesk Bitcoin Price Index, Bitcoin reached a global average price of over $788 USD, but in many markets and currencies Bitcoin trades for much more. According to....
Related News
On Monday afternoon, the price of bitcoin experienced one of its fastest spikes of the year when it rose from $340 up to over $360 on many exchanges before settling back down to around $355 as investors took profits. Over the past 24 hours, the price has risen over 10%, on average, across many of the exchanges. As is typical with a speculative investment such as bitcoin, when the price starts rising, others that have watched on the sidelines begin to experience a phenomenon known as the fear of missing out or FOMO. As the price continues to rise, more people get on board, which further....
Chinese Bitcoin exchanges such as Huobi and BTCC have been showing unprecedented volume as the price of bitcoin in China has been roughly $50 USD or higher than most U.S. and European exchanges. The question is: why are the Chinese buying so much of the cryptocurrency, and why now? China’s Stock Market Loss is Bitcoin’s Gain. It seems China is buying....
The state of Bitcoin in China is still up in the air. However, this spring will mark the first Bitcoin conference to take place in China. The Global Bitcoin Summit will be held in Beijing from May 10 to 11, and will be produced by Bitfund.pe and UBM China. Also supporting the event will be Bitcoin Magazine, which will serve as the event's Premier Media Sponsor. The two-day conference will shed light on future Bitcoin trends in China and provide the latest information in the industry. The Global Bitcoin Summit aims to provide the ideal platform to obtain insights for the current development....
Digital currency markets have seen some decent gains this week, as the overall market valuation of all 7,000+ crypto assets is hovering above the $446 billion mark. Traders also watched the price of bitcoin jump above the $16k zone on Thursday for the first time since 2018. Bitcoin and a number of other crypto-assets have been climbing northbound in price on Thursday, November 12, 2020. At the time of publication, the entire crypto-economy is up over 2% and valued at $446 billion today. During the early morning trading sessions on Thursday, bitcoin (BTC) touched a high of $16,177 on....
Weekend trade returned the Bitcoin Price to the lower trendline of a channel that previously contained wave action. Price action is animated but awaits Monday trade to set direction. Today's analysis takes a long-term view to try and put expectations in perspective. Weekly Bitcoin Chart. In order to get a coherent historical picture, the combined BTC-China and Mt. Gox weekly charts provide us with the most thorough price records. Mt. Gox. Firstly, the blessed Mt. Gox weekly chart. Notice how, at inception, price spikes out in an expanding triangle formation that pivots around $0.06 before....