Bitcoin Price Watch: Currency Jumps to $8,500

At press time, bitcoin has risen $200 higher from where it stood yesterday. Signs of recovery are now showing themselves as we inch away from the repeated drops of last week. At $8,500, bitcoin is at its highest point since Monday, when it briefly rose to $8,800 following the start of Coindesk’s Consensus Conference. It was prior to this event that Fundstrat’s Tom Lee (no stranger to these price articles) made a bold prediction regarding the currency’s price. He stated that bitcoin would rally during the Conference, and spike harder than it had in previous weeks. Ultimately, the price didn’t

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Bitcoin Price Watch: Currency Moves Up to $8,300

Bitcoin has incurred a slight price jump in the last 24 hours. The currency was trading at a measly $8,200 during yesterday’s afternoon hours, but has since spiked by roughly $100 to trade at its current price of $8,300. It’s nothing huge, but it’s a step in the right direction. Bitcoin had previously started a journey that many of us originally thought would ease the currency closer towards recovery. A price bump had initially occurred after the start of the Coindesk Consensus Conference on Monday, and bitcoin was trading for as high as $8,500. With the Conference now over, bitcoin

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Bitcoin Price Watch: Currency Falls to $8,300

Another drop is in the books. After falling to $8,500 yesterday from its previous mark of $8,800, bitcoin is once again stumbling down the staircase and is now trading for $8,300 – just a sliver above last week’s low of $8,250. The Coindesk Consensus Conference – which potentially gave bitcoin a boost over the last 72 hours – ends today, and it appears the hype it garnered for cryptocurrency is ending with it. No doubt, most investors are annoyed with bitcoin’s lack of strength against its newfound resistance. Many analysts now wonder if the currency will drop back down to

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