Bitcoin Price Gets Back in the Black for 2017 After 5% Spike
You can’t keep a good decentralized, peer-to-peer, global digital currency down. After a turbulent first month of 2017, Bitcoin closes January strong and gets back to a net gain for the month. Bitcoin Price Pares 2017 Losses. Bitcoin price always seems to struggle at the start of any calendar year, and January of 2017 was no different. Bitcoin had threatened the all-time price record during the first week of 2017, reaching a high of $1,153 USD on the 5th. However, over the next 48 hours, the price bubble bursts, and Bitcoin lost over 25% of its value. Just one week after its 2017 peak,....
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Last week, Litecoin price saw a spike down from around the 1.60 area down to parity (1.00), which is a new low on the year. The 1H chart shows that after the spike price essentially rebounded back to 1.60 but started drifting lower again. Litecoin (LTCUSD) 1H Chart April 13. Overall, the price action in litecoin has remained the same - bearish with low volatility. 1) The 200-, 100-, and 50-hour SMAs are sloping down and in bearish alignment, with price trading under all 3. 2) The RSI has held under 60 after tagging 30, reflecting maintenance of the bearish momentum. When there is a spike....
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (23 November to 30 November) was all about Bitcoin Black Friday. However, we also saw a rise in the price of bitcoin and several altcoins, saw Coinapult unveil an SMS bitcoin wallet, and more. Keep scrolling for this week's biggest stories. Price Jumps (and Drops). The bitcoin price rose to ~$381 on Bitcoin Black Friday, and is currently at $380. The price was in the high $350's earlier in the week, and was on a steady downwards trend until just recently.....
Bitcoin Black Friday returns this year with incredible deals and payments technology from November 27 to November 30 (Cypher Monday). The post Bitcoin Black Friday Is Back On November 27! appeared first on Bitcoin Magazine.
The jump in the price of Bitcoin over the $900 mark in the last few days of 2016 has been considered a twist that would further push the digital currency, whose market cap is near the $15 bln mark, into the mass markets. DECENT CEO Matej Michalko notes regarding the spike: “This is a major advance in the understanding of Blockchain technologies by the early majority. Bitcoin is on its way to mass markets.” Breaking the record. Bitcoin’s current price of $903 is only a 25 percent increase shy of its all-time high record of $1,127, according to figures from CoinMarketCap. Recent developments....
Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact....