With the second week of the New Year now behind us, Bitcoin is slowly but surely stabilizing. With CES coming to a close, as well as the Bitcoin booths that were there, more and more people are becoming aware of the online currency has grown to a tight-knit group of people hoping for its success across the globe. This week’s market summary will break down this weekend, to show how especially unstable Bitcoins price was,
A commonly quoted piece of advice that is the theme of this market analysis is one by Baron Rothschild, an 18th-century British man who was also part of the famous Rothschild banking family. The quote goes “Buy when there’s blood in the streets”, but I’ve also heard “even if it is yours” appended to the end. I cannot confirm origin nor legitimacy of the appended ending, but it further proves the point and theme of
Bitcoin seemed to stabilize around Christmas Eve around December 24th, but steadily decreased to a floor around $318, going back up to $330 and plummeting down to $310. As described in my last market analysis, I predicted this movement two weeks ago. People liquidating holdings for holiday cash, as shown by the massive sell-offs today. Since the end of November, we have fallen from a price of around $380 and reached a price of $318.73
While most of the Cryptocurrency market is down, one coin in particular has been moving a lot this week, in fact up 15% from the 11/22/2014 levels. The currency in regards, of course being Ripple. With a 24h volume of over 2 and a half million dollars, Ripples price per coin slowly approaches $0.015 per Ripple, which is impressive, considering total supply is 99,999,979,958 XRP. This price increase and subsequently market capitalization increase, of course,
Two weeks ago, Alex Green from Moolah.io announced that the cryptocurrency exchange Moolah.io would be shutting down. Due to this, Dogecoin suffered from a 20% price drop, from 71 satoshis to 59. Last week, Twitch.tv shared on their Twitter that they would begin accepting Dogecoin. This drove the Dogecoin price up from 59 satoshis to 70, a 19% increase. Over the past week, however, the Dogecoin price has remained at a steady 70 satoshis. Normal Routines
Yet again, Bitcoin and cryptocurrencies as a whole are on the decline. While this is a 2 month chart, the outlook has been a steady decline with spikes of volume (particularly around October 5th as shown in the chart). To the current average of $347.25 according to CMC at time of writing. This was after a brief dip to the $330 range, but for now Bitcoin seems to be going on a positive market trend.
As the title suggests, Bitcoin is now on what seems to be like a correction. From the rapid increase of the market bottom of $300 and consecutive increases to the peak of $410, Bitcoin seems to be on the decline yet again, and is currently sitting around $380.Volume has also came down again, so Bitcoin won’t be going anywhere soon. Some more sideways movement from Bitcoin for now. Ripple is still number two regarding market
After Bitcoin hit the floor at $300, things have been looking upward. The main cause for this massive downward trend was a person sold 30,000 Bitcoins, all at the $300 mark. Once that massive sell wall was ridden of, the price of Bitcoin is going up now. Subsequently, most other coins are too. As you can see from the chart above, it only proves to further reinforce what has been previously stated. The downward trend
The “flash crash” of last week has come to a screeching halt. But not all the way it seems. If we look at the chart of Bitcoin from the last week, you can see price has fallen down to the upper $370 range to lower $380 range. From there we have had upward trends that have tried to break the $400 barrier, but none have been successful for too long. Besides that, Bitcoins market has
Leaders keep their eyes on the horizon, not just on the bottom line. – Warren Bennis It cannot be overstated that Open Source is an amazing methodology. How else would it be possible to create such overwhelming innovation with such wide spread decentralization and ever increasing transparency? Even more amazing is that it now offers us choice on a level we quite simply haven’t seen before. While some might argue that too much choice is
After a steady weekend, the top cryptocurrencies are showing a minimal downtrend during Monday’s early hours. Bitcoin, Dogecoin, Litecoin and every major cryptocurrency are declining, though with the same promises to stay steady throughout the day as no major announcement or event is scheduled today. Can’t go mad if a rumor passed by though! BTC/USD At the end of April 6th (0000 UTC), the BTC/USD was trading at its two-day peak value, at around $462.