Bitcoin Breaks $1,000 as Exchanges Break Volume Records Worldwide
Bitcoin is making waves globally as it broke through the psychologically important $1,000 barrier on several large exchanges today Sunday, 1 January. It had already broken all-time highs in several currencies as global bitcoin exchanges reported record-setting monthly volume. Bitcoin’s price has increased more than 120% since the start of 2016 alone.....
Related News
The Purpose Bitcoin ETF, the first approved BTC ETF in North America, has broken investment records in its first few days on the market. The post First-Ever North American Bitcoin ETF Breaks Records In Opening Week appeared first on Bitcoin Magazine.
Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
Interest has returned to the crypto market in a major way. Over the last several weeks, Bitcoin has broken all kinds of records in terms of total market cap, hash rate, the number new of wallets, and much more. Altcoins have also surged as a result of the sudden spark of momentum in crypto. This momentum has also begun to blossom and break records elsewhere in the crypto market as well. Data shows that the […]
Bitcoin sits comfortably north of $40,000 after a rally propelled it beyond this key resistance mark. The first cryptocurrency by market cap even managed to break above $42,000, in its most solid attempt to reclaim new highs since May’s crash. The bullish momentum has held for the past week, BTC’s price records a 24% profit […]
The vast majority of bitcoin trading volume has traditionally been handled by a relatively small number of exchanges. However, the latest data indicates that volume has concentrated even further as smaller exchanges are being pushed aside, leaving them with a much lower share of the total volume of bitcoins traded than just a few months ago. Lost monopoly. Prior to the start of its decline in mid-2013, Mt. Gox had what amounted to an effective monopoly on bitcoin trading volume, often commanding upwards of 80-90% of total US dollar-denominated volume. However, as Mt. Gox's problems....