At press time, bitcoin is trading for just over $8,500. This is a near $300 drop from yesterday’s price of $8,800, and the recovery many of us likely believed to be right around the corner is again sinking into hiding for the time being. The price did manage to rebound a bit following Monday’s start of the Coindesk Consensus Conference in New York. After falling roughly to $8,400 from the $9,000 price range last week, bitcoin ultimately rose to $8,800 as organizers were selling tickets for as high as $3,000 to last-minute attendees, though most could be garnered for anPowered by WPeMatico
At press time, bitcoin is trading for roughly $8,800. This is a $200 jump from where it stood just 24 hours ago, and investors are receiving a glimmer of hope for the future. The price bump suggests that bitcoin’s power is continuing to grow stronger, and despite a few ups and downs this week, the currency is finding it relatively easy to recover from negative hype. Granted bitcoin can keep up its momentum, we may witness the currency spiking into the $9,000 range again this week. The price had recently been marred by activity in both Japan (Mt. Gox) and