Bitcoin is on the rise. After yesterday’s impressive surge to $7,600, the currency has once again defied all odds and spiked beyond the $8,000 mark. At press time, bitcoin is trading for just over $8,100, and is once again reminding enthusiasts of why they got involved in crypto-trading in the first place. The currency had experienced quite a few nasty runs over the past few weeks. While it never seemingly dropped below 6,600, the resistance levels between $6,700 and $6,900 were proving to be tougher than the coin could handle. Bitcoin hovered within this range for some time, and manyPowered by WPeMatico
Bitcoin has surged! Following yesterday’s new “high” of $6,900, bitcoin has jumped by over $700 and is now trading at just under $7,700. It’s a massive step forward following what has been a relatively “rough-and-tumble” week. The news marks a near 10 percent jump for the father of cryptocurrencies, though bitcoin was trading on Luxembourg exchange Bitstamp for a price of nearly 17 percent higher during the early morning hours. Bitcoin is also joined by other major cryptocurrencies such as ether and Ripple’s XRP, which have both enjoyed 10 percent jumps. Two analysts claim that large moves which occurred via
The price of bitcoin and a wide range of other digital assets have seen some significant gains today. Earlier during the morning trading sessions (EDT) BTC/USD markets spiked over $1,000 in less than 60 minutes gaining 10 percent and reaching a high of $8,060 per coin. Following the phenomenal jump in value, buyers met some […]
Bitcoin is currently trading for just over $6,900. After a 24-hour period of hovering at $6,800, the price has seemingly increased by roughly $100. Last week, the price of bitcoin seemed to fall by $100 a day. This week, the opposite is true. We first saw bitcoin standing at the $6,700 mark on Monday following a weekend high of $7,000. It has since risen to $6,800 on Tuesday, and now $6,900 on Wednesday. Given its present route, one can’t help but hope the price will once again reach $7,000 tomorrow and show enthusiasts that the weekend rally, though small, wasn’t
Bitcoin is currently standing at $6,800. After a weekend rise to $7,000, the coin’s ascension was halted suddenly and fell back to the $6,700 mark. It has risen by over $100 since yesterday. The previous rise could be attributed to major financial players getting involved in the crypto space. After repeatedly calling bitcoin a “bubble” and “mere speculation,” wealthy hedge fund manager George Soros gave his company Soros Fund Management a clear path towards cryptocurrency investments and announced that the venture would start trading cryptocurrencies within the coming months. Considering Soros’ power in the financial industry, it’s safe to say
Bitcoin seems to be on an ascending path. After incurring a $300 jump yesterday and trading at roughly $6,900, the currency has hit the $7,000 point – a welcome move for many hungry enthusiasts. One of the reasons may be the recent influx of major financial players – some of which had originally turned their backs on cryptocurrency or rejected its notions of legitimacy – who are suddenly becoming more involved. One of these figures is legendary hedge fund manager George Soros. The head of his company Soros Fund Management recently announced that the enterprise had received permission to begin
Bitcoin’s price is enjoying a healthy, $300 spike. After yesterday’s price of $6,600, bitcoin is now trading at a solid $6,900. One reason for the jump may stem from new details regarding India’s stance on cryptocurrencies. Over the past few days, several sources have reported that India was entertaining a permanent ban on bitcoin and other digital currencies so it could focus on creating a national cryptocurrency for users to enjoy. This sent bitcoin into a long spiral, and the news was widely blamed for the currency’s drastic fall. We have since learned that this report wasn’t entirely true –
Bitcoin has taken a small tumble since yesterday’s figure of $6,800. At press time, the price has fallen by about $100 and bitcoin sits at just over $6,700. The fall may have occurred for several reasons, one being the recent hack of privacy-oriented cryptocurrency Verge. The attack was noticed by a bitcointalk.org user, who claimed that “several bugs” were used to infiltrate Verge’s code. The hacker than rewarded himself (or herself) with anywhere between $15,000 and $1 million worth of coins. Verge later tried to downplay the attack on Twitter, reporting that the problem had been removed and all was
Boy oh boy… Where to even begin? Yesterday, we mentioned that recovery in the crypto arena may be happening, but judging from today’s massive price drop, it appears that isn’t the case. Bitcoin has fallen by approximately $600 from yesterday’s high of nearly $7,500. Bitcoin has been in a serious slump for the past two weeks, and it appears that slump is here to stay a while longer. Analysts are discussing what could potentially be the primary causes for the drop. Some say regulation. Others discuss the idea that bitcoin and cryptocurrencies are still birthing technologies, and haven’t worked out
Following a rough two-week period, it seems like the predictions regarding bitcoin’s alleged recovery might be coming true. Yesterday saw the currency trading at roughly $7,100. A $300+ jump is now in the books, and at press time, bitcoin is trading for just shy of $7,500. This is a near five percent spike in less than 24 hours. The move likely stems from the recent report that Japanese cryptocurrency exchange Coincheck is on course to be rescued. Last January, Coincheck was the victim of one of the largest hacks in history. The platform lost over half-a-billion dollars in NEM coins