The price of bitcoin jumped to surpass the $4,000 mark to kickstart the week early on Monday morning but dropped back down again to close the week five percent lower at around $3,650.
Investors rejoiced to see bitcoin jump back above the important $4,000 mark but were quickly disappointed again Read More
The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close.
As expected, news flow over New Year’s was muted as the first week of January is still a holiday week for Read More
It has been a hell of a year for bitcoin investors. Twelve months ago, we were coming off bitcoin’s all-time high of over $20,000. Today, the price of bitcoin is struggling to maintain the $4,000 mark after dropped by over 70 percent year-to-date.
As expected, news flow has been muted over Read More
Released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto, Bitcoin had the idea to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money.Its price is famously volatile, often swinging thousands Read More
The price of bitcoin rallied by over 20 percent to close the week above the $4,000 thanks to a “Santa Rally ahead of Christmas.
After weeks of red markets, this rally provided some relief to crypto investors as the market seems undecided on whether it wants to find a new Read More
For investors who were hoping for a year-end rally to take out of a dark red year in the crypto markets disappointment looks imminent. The price of bitcoin dropped by another five percent week-on-week to continue its decline since mid-November 2019.
As a result, more and more bitcoin miners are switching off Read More
As 2018 comes to close, a number of analysts expected a “Santa Claus” rally, whereas the crypto market would undergo a positive reversal in the holiday season. Yet, the value of Bitcoin, along with the altcoins it reigns over, has continued to suffer. Amid this market turmoil, this industry’s news Read More
The price of bitcoin dropped by over 15 percent versus last week’s close after it became clear that the crypto markets will have to wait longer for a potential Bitcoin ETF to be approved in the U.S.
“Crypto Mom” Provides Insights
Hester Peirce, a commissioner of the SEC often referred to Read More