Newsflash: Bitcoin Price Bounces Back Above $1,100
Bitcoin price is on the road to recovery after suffering a significant collapse triggered by rapid selling by investors amid continuing talk of a hard fork as a part of the bitcoin scaling debate. On Tuesday, at the time of publishing, bitcoin price scaled a high of $1,117.9 in an upward climb on the Bitstamp Price Index (BPI). Bitcoin began Monday at the $1,000 mark, reaching a high of $1,053 an hour afternoon(UTC). The climb was a part of recovery after bitcoin sunk to a low of $944 last week, a 30-day low, losing over 18% in value from trading above $1,150 as talk of a hardfork....
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The aftermath of the SEC’s refusal to approve the Winklevoss bitcoin ETF has resulted in a predictable outcome for bitcoin trading markets. As news of the rejection spread, traders engaged in a rapid sell-off to see bitcoin price sink to a low of $975. Bitcoin price struck $1,288 on the Bitstamp Price Index (BPI) at 21:00 UTC. Ten minutes later, price plummeted to $975, a new 30-day low going back to February 9 when price last took a tumble after two major Chinese exchanges paused bitcoin withdrawals. In that 10-minute period, bitcoin lost nearly 25% of its value. Trading has since....
Bitcoin price has sunk to a 30-day low, losing over $200 in a 24-hour period to hit a low of $938.73 on the Bitstamp Price Index (BPI). The ongoing debate about a hardfork of the bitcoin blockchain that could see two separate networks with two separate assets has possibly triggered a bitcoin price spiral to levels unseen since February 9. At the time, price crashed to a low of $915 from trading levels above $1050 after two of China’s biggest bitcoin exchanges paused bitcoin withdrawals, a measure that still stands today. At 15:45 UTC on Friday, BPI figures reveal the cryptocurrency trading....
With the broader cryptocurrency market regaining bullish traction, Bitcoin, the largest digital asset, could once again be heading to its all-time high of $125,000. Following BTC’s renewed upward movement, millions of BTC have moved back into profit territory, reinforcing the strength of the ongoing rally. More Bitcoin Is Moving Back Into Profit A significant portion […]
Bitcoin just went through potentially one of its worst days since March 2020. With a 50% correction in the weekly chart, the price has retraced to levels last seen in January 2021. But just as quickly as it fell, BTC’s price bounces back from a major psychological mark at $30,000. At the time of writing, […]
The Bitstamp Price Index struck $290 early this morning, adding another milestone in Bitcoin's steady climb over the last couple of months. The bitcoin price rang in the milestone at 05:52 UTC and reached a high of $291.78. The price at the time of publishing is $290.010. The growth is likely to be a result of increased trading in Chinese Bitcoin exchanges, after China's central bank recently slashed its rates in an attempt to kickstart the slowing economy. For a live Bitcoin Price chart, click here.