Bitcoin Tops $26K for First Time, Less Than a Day After Passing 25K
The leading cryptocurrency set another all-time high this month.
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The price of bitcoin inched upward over the course of trading today, passing $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014. Though the price (at press time) was still shy of a three-year high of $1,023 set in January of that year, the milestone nonetheless marks a bright beginning to 2017 for the digital currency. (Bitcoin appreciated by more than 100% in 2016). The price had reached as high as $999 earlier in the day only to fall back to the $960s, a pattern that was similarly observed over the last week of trading as bitcoin failed to build momentum....
Historical data of the “coin days destroyed” indicator versus the Bitcoin price may suggest the metric can help predict tops. The Bitcoin Coin Days Destroyed (CDD) Indicator As explained by an analyst in a CryptoQuant post, the coin days destroyed metric might be a reliable indicator for BTC tops. A “coin day” is defined as […]
The leading cryptocurrency hit a new-all time high of $38,286.65, before settling down to $36,004.99, up 5.93% over the last 24 hours.
Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics. Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more. But could that computer code and supply mechanism also help provide clues to when the crypto market tops and bottoms? According to a […]
The leading cryptocurrency blew past the previous mark set a week ago.